| Description | The Luxembourgish franc (more commonly Luxembourg Franc or LUF, French: franc luxembourgeois, Luxembourgish: Lëtzebuerger Frang, German: Luxemburger Franken) was the currency of Luxembourg between 1854 and 1999 (except during the period 1941-44). The franc remained in circulation until 2002, when it was replaced by the euro. During the period 1999-2002, the franc was officially a subdivision of the euro (1 euro = 40.3399 francs) but the euro did not circulate. Under the principle of "no obligation and no prohibition", financial transactions could be conducted in euros and francs, but physical payments could only be made in francs, as euro notes and coins were not available yet.
Under the Belgium–Luxembourg Economic Union of 1921, the Luxembourg Franc was also legal tender in Belgium.
The franc was subdivided into 100 centimes. |
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