FX Week

FX fact: early European monetary union

MARKET NEWS

One early experiment in European monetary union surfaced in Europe in the mid-19th century, with a French initiative called the Latin Monetary Union.

The Union, formalised in 1865 between France, Belgium, Switzerland and Italy, used a "bimetallic system" whereby each countries' silver and gold coins were interchangeable throughout the Union, using a fixed rate of 15 silver coins to one gold coin.

Greece and Bulgaria joined in 1867, and many others joined informally. But difficulties created

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: