Editing Franc Poincaré

The '''Franc Poincaré''' is a [[unit of account]] that was used in the international regulation of [[Liability (financial accounting)|liability]]. It was introduced on June 25th, 1928 as a replacement for the Germinal franc,<ref>{{Cite web |date=2015-08-19 |title=1928, le dilemme du franc Poincaré |url=https://www.lesechos.fr/2015/08/1928-le-dilemme-du-franc-poincare-1107947 |access-date=2024-05-13 |website=Les Echos |language=fr}}</ref><ref name=":0">{{Cite web |title=25 juin 1928 - Poincaré exécute le franc Germinal - Herodote.net |url=https://www.herodote.net/25_juin_1928-evenement-19280625.php |access-date=2024-05-13 |website=www.herodote.net}}</ref> which had been established by Napoleon Bonaparte in 1803.<ref>{{Cite web |title=Le franc germinal (1803-1914) |url=https://essentiels.bnf.fr/fr/societe/economie/b5ea6c1b-57ed-4d55-b6ea-cad52a6938a9-franc/article/d1dc703f-9070-4ff4-bb45-2ebba2253cb5-franc-germinal-1803-1914 |access-date=2024-05-13 |website=BnF Essentiels |language=fr}}</ref><ref>{{Cite web |title=A history of the Franc: the key moments |url=https://www.napoleon.org/en/history-of-the-two-empires/articles/a-history-of-the-franc-the-key-moments/ |access-date=2024-05-13 |website=napoleon.org |language=en-US}}</ref> It was defined as 65.5 milligrams of gold of millesimal fineness .900.<ref name=":0" /> Formerly it was identical to the French franc, although it has not been so since the 1920s.

Practice on its conversion to national currencies varies from state to state; in most states the conversion factor is based not on the market price of gold, but on an official price (a remnant of the gold standard, frequently far below its market price today). The Franc Poincaré has been replaced for most purposes by [[special drawing rights]].

Conventions which used the Franc Poincaré included the [[Warsaw Convention|Convention for the Unification of Certain Rules Relating to International Carriage by Air]], the [[International Convention on Civil Liability for Oil Pollution Damage]] and the [[International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage]].

== References ==
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{{Portal|Money|Numismatics}}
{{Franc}}

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[[Category:Modern obsolete currencies]]


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