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August 5, 1914 a law was passed...

Автор: olegj от 3-06-2013, 07:46

August 5, 1914 a law was passed...

August 5, 1914 a law was passed abolishing the exchange of notes of the Bank of France for gold and granted it the right to issue notes with a positive course. During the war, gold coins went out of circulation, and the latter was filled with irredeemable notes, reborn in paper money. The issue of these notes was used to finance military expenditures.

The extent of inflation in France during the First

August 10, 1969 was devalued...

Автор: olegj от 1-06-2013, 03:13

August 10, 1969 was devalued...

August 10, 1969 was devalued the franc, the government announced a reduction of its gold content of from 0.18 to 0.16 grams of pure gold, that is, by 11.1%, while the rate of the franc against the dollar has fallen from 4,937 francs. up to 5,554 francs. $ 1 In September 1969, the French government issued a "recovery plan", the goal of reducing domestic consumption, reducing the budget deficit and increase exports


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