<P> In January 1960 the French franc was revalued , with 100 existing francs making one nouveau franc . The abbreviation `` NF '' was used on the 1958 design banknotes until 1963 . Old one - and two - franc pieces continued to circulate as centimes ( no new centimes were minted for the first two years ) . The one - centime coin never circulated widely . Inflation continued to erode the franc 's value : between 1950 and 1960 , the price level increased 72 per cent ( 5.7 % per year on average ) ; between 1960 and 1970 , it increased 51 per cent ( 4.2 % ) . Only one further major devaluation occurred ( 11 % in August 1969 ) before the Bretton Woods system was replaced by free - floating exchange rates . When the euro replaced the franc on 1 January 1999 , the franc was worth less than an eighth of its original 1960 purchasing power . </P>
<P> In January 1960 the French franc was revalued , with 100 existing francs making one nouveau franc . The abbreviation `` NF '' was used on the 1958 design banknotes until 1963 . Old one - and two - franc pieces continued to circulate as centimes ( no new centimes were minted for the first two years ) . The one - centime coin never circulated widely . Inflation continued to erode the franc 's value : between 1950 and 1960 , the price level increased 72 per cent ( 5.7 % per year on average ) ; between 1960 and 1970 , it increased 51 per cent ( 4.2 % ) . Only one further major devaluation occurred ( 11 % in August 1969 ) before the Bretton Woods system was replaced by free - floating exchange rates . When the euro replaced the franc on 1 January 1999 , the franc was worth less than an eighth of its original 1960 purchasing power . </P>
what is the name of the currency used in france
what is the name of the currency used in france
euro
euro