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Home>>Europe Hotels>> France >>Currency of France
The Currency of France is the franc. However, since the country is a member of the European Union, the euro is also a standard currency of the state. The euro was adopted as the official Currency of France in 1999. The franc was derived from the Latin inscription francorum rex, which implies King of the Franks, or from the French word for free. The franc is a currency that is in use in Liechtenstein, Switzerland, and most countries of Francophone Africa. One franc is divided into 100 centimes.
The other Currency of France is the euro. A single euro is equivalent to 100 cents. The currency notes are available in the denominations of 500, 200, 100, 50, 20, 10 and 5 euros respectively. The coins have denominations of euros 1 and 2, and 10, 50, 20, 5, 2 and 1 cents.
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If you are a traveler wanting to exchange your money into the Currency of France, you have several choices. Some of the first class hotels in France are authorized to exchange foreign currency. The law prohibits shops and hotels from accepting foreign currency. Travelers should check in advance with their banks for current rates and details. You can also exchange your money through credit and debit cards and ATMs such as MasterCard, Visa, Diners Club, and American Express, which are among the most widely accepted names. Traveler's checks are acknowledged almost everywhere in the country.
If you have to obtain the Currency of France, make sure that you are well informed about the banking hours.
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The usual time for the financial centers to operate is between 9 am and 12 pm and from 2 pm to 5 pm six days of the week, excepting Sundays. Some banks remain closed on Monday, while some are open on Saturday. The banks close early at 12 noon on the day before a bank holiday. Sometimes, they also close for all or half of the following day.
Facts about the transactions of exchanging the Currency of France:
1. Euro checks are no longer accepted.
2. International payment cards and credit are accepted almost everywhere.
3. Before traveling check your card in cash machines about the commission your bank will charge.
4. UK cards often take longer to process, since French cards have a microchip.
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To know more about France, Browse through World Hotels Guide Online.
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