franc
franc definition - finance
The
former currency of France before it joined the European Monetary Union and
adopted the euro. Many West African countries also use their own version of the
franc, including Benin, Burkina Faso, Burundi, Cameroon, Central African
Republic, Republic of Congo, Chad, Djibouti, Equatorial Guinea (its franc is
comprised of centimos), Gabon, Guinea, Guinea-Bissau, Ivory Coast, Madagascar,
Mali, Niger, Rwanda, Senegal, and Togo. Martinique and St. Pierre also use the
franc. The franc is comprised of 100 centimes. See also Swiss franc.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Comments
Improve this definition.
Share on Facebook