Event

The germinal franc

7 avril 1803

Consulate (1799-1804)

The law of 17 Germinal Year XI defined the franc as five grams of silver of nine-tenths fineness and set the gold-silver ratio at one to fifteen and a half. This bimetallic currency, of exceptional stability, remained unchanged until 1914. It gave France and its satellites the instrument of credit that the assignats had destroyed.
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