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Gold franc information


Gold franc
ISO 4217
CodeXFO
Demographics
Date of introduction1930
User(s)Bank for International Settlements
Valuation
Pegged with1 XFO = 0.290322 g fine gold
This infobox shows the latest status before this currency was rendered obsolete.

The gold franc (currency code: XFO) was the unit of account for the Bank for International Settlements from 1930 until April 1, 2003.[1] It was replaced with the special drawing right.[2] It was originally based on the Franc Germinal, and remained at the value the franc was pegged (0.290322 g fine gold) after the countries of the Latin Monetary Union came off the gold standard.[3]

"Gold Franc" of King Zog of the Albanians (not made of gold)
  1. ^ Bank for International Settlements, 2000-2009 Chronology Archived 2012-05-01 at the Wayback Machine.
  2. ^ Bank for International Settlements,"SDR to replace gold franc at the BIS", 10 March 2003.
  3. ^ Bank for International Settlements, 66th Annual General Meeting.

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