The Luxembourgish franc (French: franc, Luxembourgish: Frang, German: Franken) was the currency of Luxembourg between 1854 and 1999 (except during the period 1941-44). The franc remained in circulation until 2002, when it was replaced by the euro. During the period 1999–2002, the franc was officially a subdivision of the euro (1 euro = 40.3399 francs) but the euro did not circulate. The franc was subdivided into 100 centimes.
Under the principle ...
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The Luxembourgish franc (French: franc, Luxembourgish: Frang, German: Franken) was the currency of Luxembourg between 1854 and 1999 (except during the period 1941-44). The franc remained in circulation until 2002, when it was replaced by the euro. During the period 1999–2002, the franc was officially a subdivision of the euro (1 euro = 40.3399 francs) but the euro did not circulate. The franc was subdivided into 100 centimes.
Under the principle of "no obligation and no prohibition", financial transactions could be conducted in Euros and Francs, but physical payments could only be made in Francs, as Euro notes and coins were not available yet.
The conquest of most of western Europe by Revolutionary and Napoleonic France led to the French franc's wide circulation, including in Luxembourg. However, incorporation into the Netherlands in 1815 resulted in the Dutch gulden becoming Luxembourg's currency. Following Belgium's independence from the Netherlands, the Belgian franc was adopted in...
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