What money is in France
France became the first country in the world in which euro cash was introduced. Until 2002, the country used the French franc, which consisted of 100 centimes. Interestingly, for the first time, the new European currency was officially introduced not at all in Europe, but on Reunion Island in the Indian Ocean, in the overseas department of France. From the beginning of 1999 to 2002, two currencies went simultaneously – franc and euro. The free exchange of the franc for the new currency of the European Union ended in 2012. The euro, in addition to France, is used as the main monetary unit in almost two dozen countries of the Eurozone and almost a dozen countries outside the European Union. Banknotes are unified and the same in all countries, but Eurozone mints minted each their own. At the same time, coins of one country are accepted in all other countries of the Euro zone. National coins of French minting On the obverse of small coins of French minting (1, 2 and 5 cents) you can see the face of Marianne, a woman who personifies the French Republic since its inception in the blood of the revolution of 1792. Famous French engravers Morlon, Lavriyo, Tyuren, Cochet, Lagriful and Giraud worked on the image of the republic girl. Until the end of the 20th century, the image of Marianne was decorated with francs and santims, and then appeared on eurocents of local coinage. Larger coins depict the sower in the Phrygian cap, another symbol of the republic. The design of the coins with the seineress was developed in 1896 by the engraver Oscar Roti and was first implemented on silver coins of the III Republic. After the Second World War, the sowing woman reappeared on French coins in denominations of 50 centimes to 5 francs. With the introduction of the euro, the symbol of 1896 migrated to 10, 20 and 50 French cents. The national side of one- and two-coin coins is decorated with a stylized image of a tree, which is also a symbol of the Republic. Under the crown of the tree, on the side of the trunk, the letters “R” and “F”, Republique Francaise, are placed. Money in France: tips for tourists When planning visits to financial institutions and currency exchange points, keep in mind that the average bank is open from 10 to 17 hours, and exchange offices are usually open from 9:00 to 18:00. Changing a currency in France is less profitable than in Russia, so you should think about the exchange in advance and bring with you euros, not dollars or rubles. Most advantageous are French exchangers with the “nocommission” sign, but they are not common. Upon entering the country, large amounts of cash, over 10 thousand euros, are subject to mandatory declaration. This amount includes not only banknotes, but also bills, traveler’s checks, stocks and other securities. Payment by credit card can be made in a store, in a restaurant, at an automatic gas station and even in a taxi. You can’t do without cash unless you buy with it, for example, at a flea market. It is best to take a card with the main currency of the euro. When paying with ruble and dollar cards, money is lost on conversions and commissions. Almost any card, credit or debit, in dollars, euros or rubles is suitable for calculations. But problems may arise with constructively and morally obsolete magnetic stripe bank cards. It’s possible to pay with such cards not in all stores; there may be problems with payment at an automatic gas station and with receiving cash at an ATM. Commemorative coins of French minting By 2016, EU countries issued about 250 different commemorative coins in denominations of two euros. France did not stand aside. The general view of the coins, with the exception of the image in the central part of the obverse, is unified. All of them are minted with a diameter of 25.75 mm, a thickness of 2.2 mm and a weight of 8.5 grams. The rim and the inside of the banknote is made of different materials. The outer part, with EU stars, is made of a copper-nickel alloy (75% – copper, 25% – nickel), the inside, with the main image – of nickel brass, with the addition of zinc (75% – copper, 20% – zinc, 5 % – nickel). The rim is “silver” and the core is “gold”, since zinc gives the alloy a golden color. Do not confuse commemorative coins with jubilee ones. If the second ones are minted using precious metals (silver, gold and platinum), manufactured in small quantities and initially have both a higher cost and a significantly higher selling price, then commemorative coins are issued in significant quantities and get to numismatists and souvenir hunters by a more modest price, from face value to 5-6 euros maximum. The circulation of commemorative banknotes is usually from one million to 20 million copies. This indicator does not significantly affect the price of coins. Conventionally, it is possible to divide all coins into “specialized”, locally French and pan-European or global. “Local” banknotes are usually issued in smaller numbers. So, 2 euros to the centenary of the birth of Abbot Pierre or 150 years since the birth of Pierre de Coubertin were issued in the amount of one million copies.