Latin Monetary Union
E24098
The Latin Monetary Union was a 19th- and early 20th-century agreement among several European countries to standardize their currencies based on a bimetallic gold and silver standard, enabling easier trade and monetary interoperability.
Observed surface forms (3)
| Surface form | As subject | As object |
|---|---|---|
| Latin Monetary Union treaty | 0 | 1 |
| Latin Monetary Union treaty of 1865 | 0 | 1 |
| Union monétaire latine | 0 | 1 |
Statements (61)
| Predicate | Object |
|---|---|
| instanceOf |
bimetallic standard system
→
international agreement → monetary union → |
| affectedBy |
World War I
→
surface form:
First World War
Franco-Prussian War → |
| basedOn | bimetallic standard → |
| coinStandard |
20-franc gold coin
→
5-franc silver coin → |
| country |
Belgium
→
France → Greece → Italy → Switzerland → |
| currencySystem | franc-based system → |
| dissolved | 1927 → |
| enteredIntoForce | 1866 → |
| established | 1865 → |
| establishedBy | Treaty of 23 December 1865 → |
| followedBy | interwar gold exchange standard experiments → |
| foundingMember |
Belgium
→
France → Italy → Switzerland → |
| goal |
facilitation of trade
→
monetary interoperability → standardization of coinage → |
| headquartersLocation | Paris → |
| influenced | European monetary cooperation → |
| inspiredBy |
French franc (Latin Monetary Union)
→
surface form:
French franc
|
| languageOfName | French → |
| laterMember |
Argentina
→
Bulgaria → Chile → Colombia → Costa Rica → Ecuador → El Salvador NERFINISHED → Greece → Guatemala NERFINISHED → Honduras NERFINISHED → Monaco → Nicaragua NERFINISHED → Peru → Romania → San Marino → Serbia → Spain → Vatican City → Venezuela → |
| metalStandard |
gold
→
silver → |
| officialNameInFrench |
Latin Monetary Union
self-linksurface differs
→
surface form:
Union monétaire latine
|
| precededBy | French-led bilateral coinage conventions → |
| problem |
monetary instability
→
over-issuance of silver coins → silver depreciation → |
| ratio | 15.5:1 silver-to-gold ratio → |
| region | Europe → |
| response | suspension of free silver coinage in the 1870s → |
| standardGoldContent | 0.290322 gram of fine gold per franc → |
| standardSilverContent | 4.5 grams of fine silver per 5-franc coin → |
Referenced by (8)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Union monétaire latine
this entity surface form:
Latin Monetary Union treaty of 1865
this entity surface form:
Latin Monetary Union treaty