A hundred years ago | Rise of Franc
This 1926 archival report details the rise of the French franc in London, attributed to government stability and central bank credit restrictions. It notes the optimism in Paris regarding the currency's recovery and its potential impact on the cost of living.
Why it matters
It provides a historical snapshot of interwar European currency fluctuations and the influence of central bank policy on market confidence.
London, August 4: The French franc in London opened this morning at 178-50.
Paris, August 4: Newspapers are delighted at the rise of the franc, which they attribute to the confidence inspired by the Government of National Union and the prestige of M. Poineare.
“ Echo de Paris ” remarks that it is no longer a question of foreign credits and believes that the price of bread will shortly be reduced.
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