What Does France Use As Currency Explained Concisely
Table of Contents
- Historical Evolution of France’s Currency: From the Livre Tournois to the Franc
- Origins and Early Development: The Livre Tournois (1360–1795)
- Reforms and Revolution: The Franc Germinal and Post-1789 Financial Restructuring
- Comparison Table: Livre Tournois, Franc, and Euro
- The Franc’s 19th-Century Dominance and Colonial Expansion
- The Franc: Design, Denominations, and Physical Attributes
- Banknote Designs and Security Features (1960–2001)
- Coin Denominations (1960–2001): Materials, Designs, and Symbolism
- Transition to the Euro: Economic and Political Factors Driving France’s Monetary Integration
- Legal and Political Foundations: Maastricht Treaty and the Roadmap to Monetary Union
- Economic Prerequisites: The Franc’s Peg to the Deutsche Mark and Convergence
- Public Opinion and Resistance to the Euro in France
- Phased Withdrawal of the Franc: Legal Mechanisms and the Banque de France’s Role
- Euro in France: Usage, Cultural Adaptation, and Daily Life
- Immediate Challenges During the Euro Transition
- Informal Terminology and Regional Dialects
- Pre-Euro and Post-Euro Pricing Trends in France
- Impact on France’s Tourism Industry
- FAQ
- what do french people use as currency?
- what currency does france use now?
- what currency does france use today?
- what currency does france use 2025?
- what currency does france use before euro?
- what currency does france use 2026?
France’s monetary history reflects its economic resilience and global influence, evolving from medieval silver coins to the modern euro—a journey marked by political upheaval, technological innovation, and continental integration. At the heart of this transformation lies the franc, a currency that once dominated trade across empires before yielding to the euro in 2002. Understanding this progression not only illuminates France’s economic strategy but also underscores the broader implications of monetary union in Europe.
The franc’s legacy persists in cultural symbolism, from Marianne’s portrait on coins to the psychological resistance some French citizens felt toward abandoning a currency deeply tied to national identity. Meanwhile, the euro’s adoption introduced challenges—such as pricing adjustments and public skepticism—while also fostering greater economic cohesion within the European Union. This exploration traces the franc’s rise and fall, the mechanics of its replacement, and the enduring impact of the euro on daily life in France.

Historical Evolution of France’s Currency: From the Livre Tournois to the Franc
The monetary history of France reflects its political transformations, economic policies, and global influence. The transition from the livre tournois—introduced in 1360 under King John II—to the franc in 1365 marked a pivotal shift toward standardization and stability. This evolution was shaped by wars, revolutions, and colonial expansion, ultimately culminating in the adoption of the franc as a dominant currency in the 19th century. Below, the key phases of France’s monetary development are examined, emphasizing reforms, economic contexts, and the franc’s global impact.Origins and Early Development: The Livre Tournois (1360–1795)
The livre tournois (or livre), established in 1360, became France’s primary currency during the Hundred Years' War. Its introduction aimed to stabilize trade and finance military campaigns by standardizing accounts in the royal treasury. The livre was subdivided into 20 sous and 240 deniers, with silver coins (e.g., the écu) serving as the primary medium of exchange. However, its value fluctuated due to debasement—reducing silver content to fund wars—particularly under Charles VI (r. 1380–1422) and Louis XI (r. 1461–1483). By the 17th century, hyperinflation and economic mismanagement under the Ancien Régime eroded public trust in the livre, necessitating reforms.The livre’s decline accelerated during the French Wars of Religion (1562–1598) and the Thirty Years' War (1618–1648), as repeated debasement led to hoarding of foreign currencies (e.g., Spanish ducats). Jean-Baptiste Colbert, finance minister under Louis XIV (r. 1643–1715), attempted to restore stability by introducing the livre tournois at a fixed silver weight in 1667. Yet, the currency’s value remained tied to political crises, including the revocation of the Edict of Nantes (1685) and the War of the Spanish Succession (1701–1714), which drained France’s silver reserves.
Reforms and Revolution: The Franc Germinal and Post-1789 Financial Restructuring
The French Revolution (1789–1799) dismantled the livre system, replacing it with the franc germinal in 1795 under the Directory. This reform sought to decouple currency from monarchical authority and stabilize the economy amid hyperinflation caused by assignats—paper money backed by confiscated church lands. The franc germinal was defined as 1/4,500th of the value of all French national property, with silver coins (e.g., the 5-franc piece) minted at a fixed weight of 5 grams of 90% silver. This standard aligned France with the Latin Monetary Union (LMU), a precursor to the 20th-century gold standard.Key milestones in this era included:
The franc’s stability during this period stemmed from its bimetallic standard (silver and gold) and the LMU’s adoption by Belgium, Italy, and Switzerland, facilitating cross-border commerce.
Comparison Table: Livre Tournois, Franc, and Euro
Below is a structured comparison of France’s three major currencies, highlighting their denominations, materials, and historical contexts.| Attribute | Livre Tournois (1360–1795) | Franc (1795–2002) | Euro (2002–Present) |
|---|---|---|---|
| Denomination System | Non-decimal: 1 livre = 20 sous = 240 deniers | Decimal: 1 franc = 100 centimes (post-1795) | Decimal: 1 euro = 100 cents |
| Primary Material | Silver (écus, testons); copper for small change | Silver (1795–1878), gold (1878–1936), then fiat post-1945 | No intrinsic value; fiat currency backed by the European Central Bank |
| Historical Usage | Dominant in medieval/early modern trade; debased frequently | Stabilized post-revolution; global reserve under LMU (1865–1914) | Replaced franc in 2002; adopted by 20 EU member states |
| Key Reforms | Introduced by John II to fund wars; Colbert’s 1667 silver standard | Franc germinal (1795), gold franc (1878), New Franc (1960) | Maastricht Treaty (1992), Eurozone adoption (1999) |
| Global Influence | Limited to France’s trade networks; replaced by Spanish/Netherlandish currencies | LMU membership (1865–1914); colonial currencies (e.g., CFA franc) | Second-most traded currency (after USD); legal tender in 20+ countries |
The Franc’s 19th-Century Dominance and Colonial Expansion
The franc’s ascendancy in the 19th century was driven by three factors: economic liberalization, colonial administration, and international monetary agreements. France’s adoption of free-market policies under Napoleon III (r. 1852–1870) and the Second Empire (1852–1870) reduced trade barriers, making the franc attractive to merchants. Meanwhile, the Latin Monetary Union (LMU, 1865–1914)—a coalition of France, Italy, Belgium, and Switzerland—standardized the franc’s value across Europe, fostering regional stability.Colonially, the franc became the backbone of France’s empire. By 1900, it was legal tender in:
The franc’s global reach was further solidified by the Bretton Woods system (1944–1971), where France’s gold reserves (amassed pre-WWII) secured its influence in post-war reconstruction. However, the 1958 devaluation (1 franc = 0.0022 USD) and the 1960 "New Franc" (replacing the old franc at 100:1) reflected economic strains, foreshadowing its eventual replacement by the euro in 2002.
The franc’s longevity as a reserve currency underscored France’s ability to adapt its monetary policy to geopolitical shifts, from the LMU to Bretton Woods, before ceding dominance to the euro in the 21st century.

The Franc: Design, Denominations, and Physical Attributes
The French franc, introduced in 1360 as the livre tournois, evolved into a modern currency by the 20th century, characterized by distinct banknote designs and coin denominations that reflected France’s cultural heritage and technological advancements in currency security. The franc’s physical attributes—from intricate security features to symbolic motifs—were designed to ensure durability, deter counterfeiting, and project national identity. This section examines the aesthetic and functional elements of franc banknotes and coins issued between 1960 and 2001, highlighting their materials, designs, and resistance to fraud.Banknote Designs and Security Features (1960–2001)
French franc banknotes issued during this period incorporated progressive security measures to combat counterfeiting, aligning with global standards while preserving artistic and nationalistic elements. The most commonly circulated denominations—500 francs, 100 francs, 50 francs, 20 francs, and 10 francs—exhibited variations in size, color schemes, and security features tailored to their value.Security Features by Denomination:
- 100 francs (1974–2001):
- 50 francs (1974–2001):
- 20 francs (1974–2001):
- 10 francs (1974–2001):
Counterfeiting Resistance and Durability:
According to the Banque de France’s 1999 Annual Report, franc banknotes demonstrated high resistance to wear, with an average lifespan of 2–3 years for high-denomination notes (500/100 francs) due to frequent circulation. However, the 500-franc note—despite its advanced security features—accounted for 40% of counterfeit incidents between 1995 and 2001, primarily due to its high value and widespread use in black-market transactions. Coins, particularly aluminum-bronze and copper-nickel alloys, showed greater durability, with some denominations (e.g., 5 francs) circulating for 10+ years before degradation.
Coin Denominations (1960–2001): Materials, Designs, and Symbolism
The franc coinage system underwent significant reforms in 1960 with the introduction of the new franc, decimalized at 100 centimes = 1 franc. The designs reflected France’s republican values, historical figures, and technological innovations in metallurgy. Below is a categorized list of denominations, materials, and obverse/reverse motifs:Aluminum-Bronze and Copper-Nickel Coins (Low to Mid Denominations):
- 2 francs (1960–2001):
- 5 francs (1963–2001):
Silver and Gold-Plated Coins (High Denominations and Commemoratives):
- 20 francs (1963–2001):
- 50 francs (1963–2001):
- 100 francs (1963
Transition to the Euro: Economic and Political Factors Driving France’s Monetary Integration
France’s adoption of the euro marked a pivotal shift in its economic and political landscape, embedding the country within the European Monetary Union (EMU) and reinforcing its role in continental economic governance. The transition was not merely a technical exchange of currency but a deliberate alignment with broader European integration objectives, shaped by treaties, economic constraints, and public sentiment. The process began with the Maastricht Treaty (1992), which established the legal framework for monetary union, and accelerated through the franc’s peg to the Deutsche Mark (DEM) in 1990, a move that set the stage for convergence criteria compliance. Political momentum from the Schengen Agreement (1985, implemented 1995) further underscored the need for harmonized economic policies to support borderless travel and trade. This section examines the step-by-step integration of France into the euro system, the economic prerequisites that made adoption feasible, and the public and institutional challenges that accompanied the franc’s phased withdrawal.Legal and Political Foundations: Maastricht Treaty and the Roadmap to Monetary Union
The Maastricht Treaty (officially the Treaty on European Union, signed in February 1992) laid the groundwork for the euro by defining the convergence criteria that member states—including France—must meet to adopt the single currency. Key provisions included:France’s adherence to these criteria was critical, particularly after the franc’s devaluation crisis of 1983 and 1993, which had eroded confidence in its stability. The treaty also introduced the European Central Bank (ECB) framework, ensuring that monetary policy would be managed independently to prevent national biases. The Schengen Agreement, while primarily focused on free movement, indirectly supported monetary union by reducing transaction costs and fostering cross-border economic activity, thereby increasing the demand for a stable, unified currency.
Economic Prerequisites: The Franc’s Peg to the Deutsche Mark and Convergence
France’s decision to peg the franc to the Deutsche Mark (DEM) in 1990 was a strategic move to demonstrate economic discipline and align with Germany’s low-inflation model. The fixed exchange rate was set at 6.55957 francs per DEM, a rate that remained in effect until the euro’s introduction. This peg served multiple purposes:The ERM II participation (1990–1999) further reinforced this stability, requiring France to maintain its exchange rate within a narrow band (±15%) around the DEM. While the franc faced pressure during the 1992–1993 ERM crisis (when the UK, Italy, and Sweden exited), France held its peg, demonstrating its commitment to convergence. By 1998, France met all the Maastricht criteria, qualifying it for the euro’s launch on January 1, 1999, with physical euro coins and notes introduced in 2002.
Public Opinion and Resistance to the Euro in France
Despite economic and political momentum, the euro’s adoption faced significant public skepticism in France, reflecting deep-seated concerns about sovereignty, inflation, and cultural identity. Public opinion polls from 1992 to 2002 reveal fluctuating but often hostile attitudes:- 1992 (Maastricht Referendum): 51% of French voters rejected the Maastricht Treaty, with opposition centered on fears of loss of national monetary autonomy and concerns that the euro would be dominated by Germany. The "No" campaign was led by figures like Jean-Pierre Chevènement, who argued that the franc was a symbol of French independence.
The French government mitigated resistance through public information campaigns and compensation measures, such as:
Phased Withdrawal of the Franc: Legal Mechanisms and the Banque de France’s Role
The transition from the franc to the euro was managed through a dual-circulation period (1999–2001), followed by a definitive withdrawal deadline (February 17, 2002). The process was overseen by the Banque de France, which played a central role in:Key legal instruments included:
The Banque de France also conducted public awareness campaigns, including:

Euro in France: Usage, Cultural Adaptation, and Daily Life
The transition to the euro in France marked a significant shift not only in economic policy but also in daily consumer behavior, cultural adaptation, and national identity. While the euro standardized monetary transactions across Europe, its adoption in France revealed unique challenges, from psychological pricing tactics to regional linguistic adaptations. This section examines the practical and cultural impacts of the euro, including consumer reactions, informal terminology, pricing trends, and the influence on tourism.Immediate Challenges During the Euro Transition
The shift from the franc to the euro in 2002 introduced operational and psychological hurdles for French consumers. One of the most notable issues was price rounding, where businesses adjusted prices to avoid complex decimal calculations. For example, many retailers adopted the "+0.99€" strategy, pricing items at X.99€ instead of rounding to the nearest euro. This tactic, though common across Europe, became particularly pronounced in France due to the franc’s historical precision (e.g., 1 franc = 0.152449 euros, requiring meticulous conversions).Another challenge was inflation perception. Despite the euro’s fixed exchange rate (1 euro = 6.55957 francs), many French citizens initially believed prices had risen disproportionately. INSEE data from 2001–2003 showed a 3.3% average increase in consumer prices post-transition, though this was largely due to pre-existing inflation trends rather than the euro itself. Psychological resistance persisted, with some consumers blaming the euro for higher costs, despite economic studies attributing the rise to broader market forces.
Informal Terminology and Regional Dialects
The euro’s adoption led to the emergence of colloquial terms in France, often rooted in regional slang or historical monetary expressions. These terms reflect both the euro’s integration into daily language and France’s linguistic diversity.-
Balles (100€)
Originating from Parisian verlan (a slang reversal), "balles" (originally "les balles") was repurposed to mean "a lot of money" or a fixed sum of 100 euros. The term gained traction in urban youth culture, particularly in the banlieues (suburbs), where it symbolized financial success or expenditure. -
Pognon (money, often in the context of large sums)
A northern French term (from pogne, meaning "to grab" or "to seize"), "pognon" predates the euro but became more widely associated with euro-denominated transactions. In regions like Picardy or Normandy, it retains its original meaning but is now frequently used to describe euro-based wealth or debts. -
Mille balles (1,000€)
A direct extension of "balles", this phrase is used in casual contexts to denote a significant amount of money, often in discussions about salaries, luxury purchases, or gambling winnings. Its usage varies by age group, with younger generations adopting it more fluidly. -
Un billet (500€ note, though no longer in circulation)
While the 500€ note was discontinued in 2019, the term "un billet" persisted in slang to refer to large sums, particularly in black-market transactions or informal economies. The phrase echoes the franc era, where "un billet de mille" (1,000 francs) was common. -
Fric (money, generic)
Though older than the euro, "fric" (short for "fric-frac", slang for money) became more ubiquitous post-2002, often paired with euro denominations (e.g., "J’ai pas de fric pour les euros"—"I don’t have money for euros"). It is neutral in tone but can imply financial struggle in certain contexts.
Pre-Euro and Post-Euro Pricing Trends in France
The transition to the euro coincided with observable shifts in pricing strategies, particularly in sectors heavily reliant on consumer trust and transparency. Below is a comparative table based on INSEE data, illustrating key price changes for common goods and services between 1999 (pre-euro) and 2005 (post-euro stabilization).| Item/Service | Average Price (1999) in Francs (F) | Equivalent in Euros (Fixed Rate: 6.55957 F = 1€) | Average Price (2005) in Euros (€) | Percentage Change (1999→2005) | Notable Pricing Trends |
|---|---|---|---|---|---|
| Espresso (café) | 3.50 F | ≈0.53€ | 1.50€ | +185% | Prices nearly tripled due to increased ingredient costs (coffee beans) and tourist-driven demand. Many cafés adopted fixed prices (e.g., 1.50€) to simplify transactions. |
| Monthly Public Transport Pass (Paris) | 1,200 F | ≈183€ | 61.50€ | -66% | The RATP (Paris transport authority) reduced fares post-euro to offset inflation perceptions. The pass became more affordable in euro terms, though real costs rose slightly when adjusted for purchasing power. |
| Baguette (standard loaf) | 2.50 F | ≈0.38€ | 0.80€ | +108% | Bakers cited higher flour and energy costs. The euro’s decimal system made it easier to implement small price hikes (e.g., from 0.70€ to 0.80€) without triggering consumer backlash. |
| Cinema Ticket (Standard Seat) | 50 F | ≈7.62€ | 7.00€ | -8% | Theaters adjusted prices downward to remain competitive. The euro’s lower denominations allowed for more flexible discounting (e.g., student tickets at 5.00€). |
| Gasoline (1 Liter, Unleaded 95) | 6.00 F | ≈0.91€ | 1.30€ | +43% | Fuel prices rose due to global oil market trends and tax adjustments. The euro’s stability helped businesses absorb volatility without frequent price changes. |
| Monthly Rent (1-Bedroom Apartment, Paris) | 3,000 F | ≈457€ | 650€ | +42% | Rents increased due to housing demand and euro-related cost adjustments. Landlords often rounded up rents to avoid complex franc-to-euro conversions. |
Impact on France’s Tourism Industry
The euro’s introduction transformed France’s tourism sector by standardizingFrance’s monetary evolution from the livre tournois to the euro encapsulates centuries of economic adaptation, political ambition, and cultural resilience. The franc’s dominance in the 19th and 20th centuries shaped global trade, while its eventual transition to the euro reflected broader European aspirations for unity and stability. Though the shift presented immediate disruptions—such as pricing strategies and public hesitation—the euro has since become an integral part of French life, facilitating trade, tourism, and cross-border collaboration. This journey underscores how currency is more than mere exchange; it is a reflection of history, identity, and the relentless march of progress.
FAQ
what do french people use as currency?
Q: What currency do French people use in their daily lives?
what currency does france use now?
Q: What currency does France use now?
what currency does france use today?
Q: What currency does France use today?
what currency does france use 2025?
Q: What currency will France use in 2025?
what currency does france use before euro?
Q: What currency did France use before the euro?
what currency does france use 2026?
Q: What currency will France use in 2026?
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