Luxembourg franc
The Luxembourg franc (F or ISO LUF, Luxembourgish: Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 44. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro. From 1999 to 2002, the franc was officially a subdivision of the euro (€1 = 40.3399F), but the euro did not circulate in physical form before 1 January 2002. Under the principle of "no obligation and no prohibition", financial transactions could be conducted in euros and francs, but physical payments could be made only in francs, as euro notes and coins were not available yet.
| |
|---|---|
 1 Luxembourg franc, 1981 | |
| ISO 4217 | |
| Code | LUF |
| Unit | |
| Unit | franc |
| Plural | francs (French) Franken (German) Frang (Luxembourgish) |
| Symbol | F |
| Denominations | |
| Subunit | |
| 1⁄100 | centime (French) cent (German) |
| Plural | |
| centime (French) cent (German) | centimes (French) cent (German) |
| Symbol | |
| centime (French) cent (German) | Cmes |
| Banknotes | |
| Freq. used | 100F, 1000F, 5000F.1 [1] |
| Rarely used | 20F, 50F |
| Coins | |
| Freq. used | 1F, 5F, 20F & 50F |
| Rarely used | 25 Cmes |
| Demographics | |
| User(s) | None, previously: Belgium, Luxembourg(both alongside Belgian Franc) |
| Issuance | |
| Central bank | Central Bank of Luxembourg3 |
| Website | www |
| Printer | |
| Website | www |
| Valuation | |
| Pegged with | Belgian franc at par |
| EU Exchange Rate Mechanism (ERM) | |
| Since | 13 March 1979 |
| Fixed rate since | 31 December 1998 |
| Replaced by euro, non cash | 1 January 1999 |
| Replaced by euro, cash | 1 January 2002 |
| 1 € = | 40.3399F |
| This infobox shows the latest status before this currency was rendered obsolete. 1Belgian franc coins were also used 2Belgian franc notes (including 10,000 fr.) were also used | |