Luxembourg franc facts for kids
The Luxembourg Franc was the money used in Luxembourg for many years. It was the official currency from 1848 until 1999. Another country, Belgium, also used the Luxembourg Franc because their currencies were linked.
The symbol for the Luxembourg Franc was usually "fr." or "F." On January 1, 1999, the Luxembourg Franc was replaced by the Euro (€). This change was part of a bigger plan for many European countries to use the same money. If you wanted to know how much a Euro was worth in old money, 1 Euro was equal to about 40 Luxembourg Francs.
Contents
What Was the Luxembourg Franc?
The Luxembourg Franc was the official money of Luxembourg for over 150 years. It helped people buy things, pay for services, and save money. Having its own currency was an important part of Luxembourg's history as an independent nation.
Coins and Banknotes
Just like today's money, the Luxembourg Franc came in different values. There were coins for smaller amounts, such as 25 cent, 1 franc, 20 francs, and 50 francs. Larger amounts were handled with banknotes, which are paper money. These banknotes often featured important people or landmarks from Luxembourg.
Why Did It Change?
The change from the Luxembourg Franc to the Euro happened because many countries in Europe decided to create a single currency. This made it easier for people to travel and trade between countries without needing to exchange money all the time. It also helped to make the economy stronger across Europe.
See also
- Belgian franc
- In Spanish: Franco luxemburgués para niños
Images for kids
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A 10 Luxembourg franc banknote from 1924.
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A 20 Luxembourg franc banknote.
