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.

Luxembourg franc
1 Luxembourg franc, 1981
ISO 4217
CodeLUF
Unit
Unitfranc
Pluralfrancs (French)
Franken (German)
Frang (Luxembourgish)
SymbolF
Denominations
Subunit
1100centime (French)
cent (German)
Plural
centime (French)
cent (German)
centimes (French)
cent (German)
Symbol
centime (French)
cent (German)
Cmes
Banknotes
Freq. used100F, 1000F, 5000F.1 [1]
Rarely used20F, 50F
Coins
Freq. used1F, 5F, 20F & 50F
Rarely used25 Cmes
Demographics
User(s)None, previously:
 Belgium,
 Luxembourg
(both alongside Belgian Franc)
Issuance
Central bankCentral Bank of Luxembourg3
Websitewww.bcl.lu
Printer
Websitewww.delarue.com
Valuation
Pegged withBelgian franc at par
EU Exchange Rate Mechanism (ERM)
Since13 March 1979
Fixed rate since31 December 1998
Replaced by euro, non cash1 January 1999
Replaced by euro, cash1 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

3 Institut Monétaire Luxembourgeois before 1998

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