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French franc

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
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Noun1.French franc - formerly the basic unit of money in FranceFrench franc - formerly the basic unit of money in France
franc - the basic monetary unit in many countries; equal to 100 centimes
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A meeting of economy and finance ministers of 14 African nations using a common currency that was pegged to the French franc started Friday with a French call to African nations to boost public spending.
French call for more spending in Africa franc zone by AFP / AFP Global Edition
If you think it is bad enough that the majority of the former French colonies in Africa fall in the "Bottom 50" of the least developed countries in the world, spare a thought for this fact: Poor as they are, they have, for over six decades, been depositing 65% of their foreign reserves in the French Treasury in Paris--thanks to an archaic colonial arrangement linking their local currency, the CFA franc, to the French franc and now the euro.
CFA: the grip France won't let go by Malanda, Regina Jere / New African
Belgium already adopted the French franc when it became independent in 1830.
History of Previous European Currency Unions by Sam Vaknin / Banking, finance and accounting community
 
 
 
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