Note: This currency has been replaced by the Euro.
Overview
The Andorran Franc (ADF) was the national currency used in Andorra. It was pegged 1:1 to the French Franc before 1999. There was no formal united currency agreement. This meant that no Andorran notes or coins were printed or minted. Although Andorra is not a member of the European Union, the Euro replaced the Andorran Franc in 1999.
Economy
Andorra’s income is estimated at $3.6 billion in 2009. Tourism is the main source of the economic structure and forms 80% of the country’s income.
Andorra’s major trade activities are banking and commerce.
The main agricultural products are sheep and tobacco.
Andorra’s natural sources are timber, mineral water, hydroelectric power, lead, and ore.
The main industries are tourism, furniture, and tobacco products.
History
From 1360–1641 the French Franc was worth 1 livre tournois.
In 1795 the livre tournois (French Franc) was reintroduced in decimal form.
France invaded Andorra in 1933 and the French Franc started circulating as Andorra’s currency. There was no Andorra money circulated; the French Franc was circulated under the name of the Andorra Franc.
The Andorran Franc remained the national currency for Andorra until 1999, when the Euro was introduced. At that time, the Franc was worth an eighth less than its original value in 1960.
In 1999 the set fixed parity of 1 Euro = 6.55957 French Francs.
Euro notes and coins replaced the Franc (Andorran and French) in 2002.
