Latin Monetary Union

The Papal States joined the Latin Monetary Union in 1866.

Cartels, churches and the Scandinavian and Latin monetary unions straddled political frontiers.

An interesting parallel can be seen in the 19th century discussions concerning the possibility of the UK joining the Latin Monetary Union.

The Luxembourg franc followed the Belgian franc into the Latin Monetary Union in 1865.

However, as part of the Latin Monetary Union France joined most of the rest of Europe and adopted the gold standard by 1873.

The Latin Monetary Union inspired the Scandinavian Monetary Union, established in 1873.

More recently, the Latin monetary union between France, Italy, Switzerland and Belgium also failed, as did the Scandinavian one, because there was no political union.

The gradual disintegration of the Latin Monetary Union made him, together with Eudore Pirmez and Walthère Frère-Orban, try to restore monetary order.

In 1891 Dominican Republic entered in the Latin monetary union and changed its currency to the franco including coins of 5 and 10 centesimos struck in bronze and 50 centesimos, 1 and 5 francos struck in silver.