Monday, February 27, 2012

France's former currency is devalued to zilch

By Devorah Lauter, LA Times, Feb. 27, 2012


For the longest time France used its own form of currency called francs. In recent years now, France, like many other countries throughout Europe have switched to euros. It is now official that francs are now worthless. They are now considered to be a relic. One man went to the bank to exchange his francs for euros, he went in with 70 francs and came out with 10.67 euros. While that might not seem like a lot at all, people appreciate being able to get some money for their useless coins. Many people miss francs because they felt rich having 100 francs, even though in reality it wasn't very much compared to euros. Also natives are expressing sadness that now when they look at the money they won't see popular French figures anymore.

This is newsworthy because it this shows how far Europe has come as a whole that almost every country now is using euros. The only country that can come to my mind that isn't is the UK (they still use pounds) which makes me think how much longer it will take for them to change over. Using euros has a sense of unity to it, what if all countries all around used the same form of currency? That just isn't very realistic though because of the varying economies and inflation/deflation.

Franc is no more- come on euros

Should all of North America use the same form of currency?

No comments:

Post a Comment