How to use franc germinal in a sentence? Find typical usage patterns (collocations)/phrases/context for "franc germinal" and check conjugation/comparative form for "franc germinal". Mastering all the usages of "franc germinal" from sentence examples published by news publications.
France's financial problems were solved during the French Consulate when Napoleon, the First Consul, created the country's new currency, the franc germinal, by the law of 28 March 1803 (loi du 7 Germinal an XI).
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Until 1929, these coins were issued by the chambers of commerce, bearing the phrase bon pour on it (meaning: "good for"). At the beginning of the 1920s, chambers of commerce also issued small change coins in aluminum. In 1929, the original franc germinal of 1795 was replaced by the franc Poincaré, which was valued at 20% of the 1803 gold standard. In 1929, silver coins were reintroduced in 10-franc and 20-franc denominations.
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France was a founding member of the Latin Monetary Union (LMU), a single currency employed primarily by the Romance-speaking and other Mediterranean states between 1865 and the First World War. The common currency was based on the franc germinal, with the name franc already being used in Switzerland and Belgium, whilst other countries minted local denominations, redeemable across the bloc with 1-to-1 parity, though with local names: e.g., the peseta. In 1873, the LMU went over to a purely gold standard of 1 franc = 0.290322581 grams of gold.
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In 1800 the Banque de France, a federal establishment with a private board of executives, was created and commissioned to produce the national currency. In 1803, the Franc germinal (named after the month Germinal in the revolutionary calendar) was established, creating a gold franc containing 290.034 mg of fine gold. From this point, gold and silver-based units circulated interchangeably on the basis of a 1:15.5 ratio between the values of the two metals (bimetallism) until 1864, when all silver coins except the 5-franc piece were debased from 90% to 83.5% silver without the weights changing. This coinage included the first modern gold coins with denominations in francs.
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In 1795, the livre was officially replaced by the franc and the sou became obsolete as an official currency division. Nevertheless, the term "sou" survived as a slang term for 1/20 of a franc. Thus the large bronze 5-centime coin was called "sou" (for example in Balzac or Victor Hugo), the "pièce de cent sous" ("hundred sous coin") meant five francs and was also called "écu" (as in Zola's Germinal). The last 5-centime coin, remote souvenir inherited from the "franc germinal", is removed from circulation in the 1940s, but the word "sou" keeps being used (except for the 1960 new franc's five-centime coin which was worth five old francs).
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