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Piastres Affair
The Piastres affair, also known as Piastres scandal or Piastres trade (French: ''l'affaire des piastres'', ''le scandale des piastres'', or ''le trafic de piastres''), was a financial-political scandal of the French Fourth Republic during the First Indochina War from 1950 to 1953. The basis for the affair was the pegging in 1945 of the French Indochinese piastre to the French franc at a rate of seventeen to one, increased from the previous rate of ten to one to avoid devaluation of the franc. However the real value of the piastre in Indochina remained around 10 francs or less; when piastres were transferred to France through the Foreign Exchange Office (''Office indochinois des changes'', or OIC) the Treasury (therefore the French taxpayer) paid out the established seventeen francs per piastre, amounting to an effective subsidy of around 8.50 francs according to Jacques Despuech, author of the first book on the case in 1953 and journalist for '' The French Nation''. Despite contro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
French Indochina 100 Piastres
French (french: français(e), link=no) may refer to: * Something of, from, or related to France ** French language, which originated in France, and its various dialects and accents ** French people, a nation and ethnic group identified with France ** French cuisine, cooking traditions and practices Fortnite French places Arts and media * The French (band), a British rock band * French (episode), "French" (episode), a live-action episode of ''The Super Mario Bros. Super Show!'' * Française (film), ''Française'' (film), 2008 * French Stewart (born 1964), American actor Other uses * French (surname), a surname (including a list of people with the name) * French (tunic), a particular type of military jacket or tunic used in the Russian Empire and Soviet Union * French's, an American brand of mustard condiment * French catheter scale, a unit of measurement of diameter * French Defence, a chess opening * French kiss, a type of kiss involving the tongue See also * France (disam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |