Definition

• Originally the money of account in France, and computed at twenty Sous of twelve Deniers each. However, by reason of the debasement of the silver coinage this ratio could not be maintained and it sank rapidly in value, and was finally abolished in 1803 when the Franc system was established. The ratio of silver to gold was then made at fifteen and one half to one, and the decimal system was introduced.

Source

• Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)

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