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Belgian Franc

Encyclopedia Article

Belgian Franc, former monetary unit of Belgium. The Belgian franc consisted of 100 centimes. As at late 2001, 42.62 Belgian francs equalled US$1. The Belgian franc was replaced on January 1, 2002, by the European single currency, the Euro, at which point 1 Euro equalled 40.339 Belgian francs. The National Bank of Belgium, established in 1850, issued the Belgian franc.

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