UIC franc explained

Iso Code:XFU
Date Of Introduction:1976
Date Of Introduction Source:[1]
Using Countries:International Union of Railways
Replaced Currency:Gold Franc
Date Of Withdrawal:1 January 1990
November 2013
Replaced By Currency:Euro
Obsolete:yes

The UIC Franc (code: XFU) was a virtual currency unit used by the International Union of Railways (UIC). It was introduced in 1976 after the Gold Franc was abandoned for this purpose due to instability of the international monetary system,[2] and was replaced by the European Currency Unit on 1 January 1990.[3]

The code XFU was not withdrawn from the ISO-4217 currency list until 2013, despite the UIC franc having long fallen out of use.[4]

See also

External links

Notes and References

  1. de Fontgalland, Bernard.
  2. Book: Bernard de Fontgalland. The World Railway System. 8 November 1984. Cambridge University Press. 978-0-521-24541-8. 151–.
  3. Intercontainer opts for the ECU. Rail International. 1990. 21. 34.
  4. Web site: ISO 4217 Amendment Number 157. 7 November 2013. 2 April 2016.