Monday, October 04, 2010

FRANC TALK

Back in the late 70's my wife went to France with her mom, and she kept 60 Francs as momento. I figured I would take it to Bank and cash them in, what would they be worth now?

I found this:


"As a regular visitor to France (from the UK) I can tell you that
merchants will not accept francs (coin or note).

Advice is available to US citizens (I assume you are enquiring from
the USA) on the Embassy of France website in the US:
" Any customer with old French banknotes may:

- send his French banknotes before 17/02/2012 for current series of
banknotes by registered mail to : Banque de France, Caisse Générale,
Service 18, 10 Boulevard Duclaux, 63407 Chamalières Cedex - France to
exchange against euro baknotes if the amount is less than up to
5000EUR.
The amount will be rounded at the lower 5EUR unit and a postal fee may
be charged according to the amount and to the destination country.
Coins are not allowed.

No international legislation has been written concerning the exchange
of old currencies into euros or other currencies in a non-Euro zone
country after January 1, 2002.

In the U.S., while some banks and exchange offices said they would
change French francs to dollars until a not-yet-decided date in 2002,
others mentioned that they would not accept francs after January 1. If
they do accept francs, banks will be able to change banknotes but not
coins. "


So yes, my bank would not accept them. And I thought, this paper money was like the CONFEDERATE currency, that maybe the paper US $' s in my pocket could and are becoming less valued and soon perhaps near worthless in an attempt to pay OLD DEBTS with NEW CURRENCY.......

Can we PRINT our way to prosperity? this is all THEY (FEDERAL RESERVE) got....that's their plan!

D

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