Time Period: 1815-1849

Timeline

  • 25.08.1841
  • Rating of the French currency in the Dutch accounting unit: 100 French Francs = 47¼ Netherlands Guilders; effective 01.09.1841
  • 16.03.1842
  • Rating of the Prussian currency (after the accession to the German Customs Union on 08.02.1842) in the Dutch accounting unit: 100 Northern German (Prussian) Thalers = 375 French Francs = 1773⁄16 Netherlands Guilder; effective 01.04.1842


Currency: Luxembourgish Franc


Timeline

  • 20.12.1848
  • Law on the cration of the currency; effective 01.01.1849
  • ??.??.1854
  • Start of issuance of Luxembourgish subsidiary coins (to circulate alongside French and Belgian coinage and paper money)
  • 02.12.1876
  • Rating of the German currency (succeeding the Prussian): 100 German Mark = 125 Luxembourgish Francs; effective immediately
  • 28.11.1914
  • Issuance of government paper money during the German occupation, denominated in Luxembourgish Francs and German Mark
    - German paper money and coins circulated freely until they were demonitized by ordinance of 11.12.1918, effective 19.12.1918.
  • 25.07.1921
  • Treaty between Belgium and Luxembourg on the creation of an economic union; effective 01.05.1922 (fully upon Luxembourg's ratification on 22.12.1922)
  • 1940-1944
  • German annexation of Luxembourg:
    - 23.07.1940: German ordinance, authorizes the circulation of German money at a rate of 1 German Reichsmark = 10 Luxembourgish Francs; effective immediately
    - 29.01.1941: German law on the abolition of the Luxembourgish currency; effective 04.02.1941
    - 02.10.1944: Luxembourgish law on the withdrawal of wartime currencies: pre-war Belgian and Luxembourgish as well as German occupation paper money had first to be overprinted (period: 05.10.-08.10.1944), the marked notes were exchanged (period: 18.10.-23.10.1944).

Valuation Regimes

  • 1849-1921
  • Fixed rate against French Franc (1803)
  • 1922-1935
  • Fixed rate against Belgian Franc
  • 1935-1940
  • Fixed rate against British Pound
  • 1940-1944
  • Fixed rate against German Reichsmark (the currency was suspended 1941-1944)
  • 1944-1998
  • Fixed rate against Belgian Franc

Rate Arrangements

  • 01.01.1849
  • Fixed
  • French Franc (1803) at 1 : 1
  • -
  • 01.05.1922
  • Fixed
  • Belgian Franc at 1 : 1
  • ±0.0%
  • 01.04.1935
  • Fixed
  • British Pound at 1 : 194.444 (Belgian Franc at 1.25 : 1)
  • -10.0%
  • 22.07.1940
  • Fixed
  • German Reichsmark at 1 : 12.50
  • -6.1%
  • 05.10.1944
  • Fixed
  • Belgian Franc at 1 : 1 (British Pound at 1 : 176.620)
  • -4.2%
  • 21.09.1949
  • Fixed
  • Belgian Franc at 1 : 1 - [Gold parity] 17.77mg AU fine
  • ±0.0%


Time Period: 1999-

Timeline

  • 03.05.1998
  • Decision of the European Council [CELEX 31998D0317] to admit 11 member states to the European Monetary Union; effective 01.01.1999
  • 31.12.1998
  • Ordinance of the European Council [CELEX 31998R2866], determines the irrevocable conversion rates for the 11 member countries; effective 01.01.1999
  • 01.01.1999
  • Start of currency exchange:
    - 01.01.1999: Introduction of the European Euro as a unit of account (while retaining the national banknotes and coins) at a rate to the Luxembourgish Franc of 1 : 40.3399
    - 01.01.2002: Start of issuance of banknotes and coins denominated in Euro
    - 28.02.2002: Demonetization of the banknotes and coins in Luxembourgish Franc.


End-year Forex Rates (Units per US Dollar)