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The franc (/fræ014bk/; French: f028102510303; sign: F or Fr), also commonly distinguished as the French franc (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money.

The franc is any of several units of currency. The French franc was the currency of France until the euro was adopted in 1999 (by law, 2002 de facto).

The French franc (F) was the national currency of France prior to France's adoption of the euro (EUR) in January 2002. Prior to its replacement by the EUR, the franc was administered by the Bank of France and was comprised of 100 subunits, or 'centimes.

All EU members which have joined the bloc since the signing of the Maastricht Treaty in 1992 are legally obliged to adopt the euro once they meet the criteria, since the terms of their accession treaties make the provisions on the euro binding on them.

The number of EU countries that do not use the euro as their currency; the countries are Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, and the United Kingdom.

The euro as de facto currency Kosovo and Montenegro, in the Balkans, use the euro as a de facto domestic currency, as they have no agreements with the EU. This is keeping with an older practice of using the German mark, which was previously the de facto currency in these areas.

The euro banknotes and coins were introduced in France on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The dual circulation period when both the French franc and the euro had legal tender status ended on 17 February 2002.

It was the currency shot heard around the world. The irony is that many of these people moved their mortgages to the Swiss franc thanks to its safety and stability after the financial crisis of 2008.and because of lower interest rates, which can be found as low as 1.5%.

Key Takeaways. The United Kingdom, while part of the European Union, does not use the euro as a common currency. The UK has kept the British Pound because the government has determined the euro does not meet five critical tests that would be necessary to use it.

Lithuania joined the European Union in 2004 and adopted the euro on 1 January 2015.