The BNCI prepares its customers for the new franc

1959

Themes:

  • Banks & Financial Institutions
  • Communication & Advertising
  • Products & Services
Document

Since the Liberation, the franc was battered by several devaluations Consequently, the French Minister of Finance, Antoine Pinay, decides in 1958 to change the monetary unit. A “new franc” (also known as the heavy franc), whose value equals 100 francs, should replace the current money on 1 January 1960. If the aim of the reform is to give the sense that the franc is more stable, it requires preparing the population at large. This pedagogical letter from the Banque Nationale pour le Commerce et l’Industrie (BNCI) to its customers aims to support them during this change. The BNCI underlines in particular the minor impact of the reform on its customers’ banking operations.
In spite of decades of use, some people still talked of “old francs” when the Euro replaced the franc in 2002.

Close

Contact us / Send us a document

This website has a cultural and historical purpose; it is not intended to deal with trade and banking relationship issues which will not be processed.

If you have a document, a photo, a story about BNP Paribas history and want to share it, please do not hesitate to share it there.

In transmitting this document, you certify to own it and to hold the property rights needed for their use. You authorize BNP Paribas to use it on the website Source of History.

Thank you for indicate the origin of the documents and give us any information you consider relevant to its understanding.

Close

Suscribe to Well of History's newsletter

The personal data collected from the Site are subject to data processing by BNP Paribas to enable access to and use of the functionalities offered by the Site www.histoire.bnpparibas.
Pursuant to the French Data Protection Law No. 78-17 of 6 January 1978, you are entitled to access the data collected by BNP Paribas and to have it amended, updated or deleted, where such information is incorrect, incomplete or outdated. You can exercise this right by contacting: BNP Paribas – APAC TDC Val de Marne, TSA 30233- 94729 FONTENAY SOUS BOIS Cedex.

Close

Files download

I undertake to make private use of the contents downloaded from the website

OK
Close

You have added an item to your selection.

You can find your saved contents in the “My space” section, which can be accessed at the top right of any page of the website.

My space English A+ A-

To find this content on your next visit, you need to create an account from this section, by clicking on:

Fermer Welcome to

Well of History

Since 1822, history has made us a key player and a witness of transformations taking place in society and economy in Europe and around the world. We invite you to share in our story and explore our archives to learn more about our constantly changing world.
Jean Lemierre Jean Lemierre,
Chairman
of BNP Paribas