New France livre

The livre was the currency of New France, the French colony in modern-day Canada. It was subdivided into 20 sols, each of 12 deniers.

History

After an initial period during which barter prevailed, the French livre began to circulate. In order to encourage coins into the colony, those circulating in New France were valued at a premium, creating a monnoye de pays (monnaie de pays in Modern French) worth less than the French currency (monnoye de France, monnaie de France in Modern French). The premium was set at one eighth in 1664, raised to one third in 1680.^[1] The New France currency was distinguished by the extensive use of paper money. However, early issues did not maintain their value. In 1717, the premium for coins was abolished, the card money was redeemed at half its face value and the New France livre was set equal to the French livre. Further paper money was issued. In the 1750s, the backing of paper money by coins was suspended, causing the hoarding of coins. Following the British conquest of New France, the paper money lost its value and the livre was replaced by the pound.

Coins

A variety of coins circulated in New France, including Spanish dollars and other Spanish and Spanish colonial reales. In 1670, silver 5 and 15 sols were introduced for use in New France. In 1709, billon 30 denier coins were issued in the colony, followed by billon 15 denier in 1711. Copper 9 deniers followed in 1722. In 1738, billon 1 and 2 sol coins were introduced in France which also circulated in New France. These coins were also known as ½ and 1 sols marqués.

Banknotes

In 1685, "card money" was introduced. These were simple notes, hand written on the back of playing cards, which were used due to a shortage of coins. The first issue was redeemed after 3 months. Despite the French authorities' displeasure, further issues were made into the 1690s. Inflation reduced the card money's value, until it was redeemed at half face value in 1717.

In the 1720s, the Government introduced promissory notes, known as ordonances [sic]. Card money was reintroduced in 1729. Denominations of 6, 12 and 24 livres were issued in 1729, followed by 30 sols in 1733, 20 sols in 1734, 3 livres in 1742, and 7½ and 15 sols in 1749. In 1753, Treasury notes were introduced (also known as ordonances). 48 livre notes were introduced in 1753, followed by 20 sols in 1754, 3 and 24 livres in 1756, 12 and 96 livres in 1757, and 6 livres in 1758.

References

↑ A History of the Canadian Dollar

Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues. Colin R. Bruce II and Neil Shafer (editors) (6th ed.). Krause Publications. ISBN 0-87341-149-8.

External links

Canadian banknotes and coins

Canadian coinage	1¢ (penny) 5¢ (nickel) 10¢ (dime) 25¢ (quarter) 50¢ (50-cent piece) $1 (Voyageur dollar) $1 (loonie) $2 (toonie)

Commemorative coins	Royal Canadian Mint numismatic coins Royal Canadian Mint numismatic coins (2000s) Royal Canadian Mint numismatic coins (2010s) Royal Canadian Mint ice hockey coins Royal Canadian Mint Olympic coins Royal Canadian Mint RCMP coins Silver dollar Gold Maple Leaf Silver Maple Leaf Platinum Maple Leaf Palladium Maple Leaf Ottawa Mint sovereign

Canadian banknotes	$5 $10 $20 $50 $100 Withdrawn banknotes

Canadian banknotes by Series	1935 Series 1937 Series 1954 Series Scenes of Canada Birds of Canada Canadian Journey Series Frontier Series

Historical currencies of Canada	New France livre Canadian pound New Brunswick pound Newfoundland pound Nova Scotian pound Prince Edward Island pound British Columbia dollar New Brunswick dollar Nova Scotian dollar Prince Edward Island dollar Newfoundland dollar Early Canadian banking system

Newfoundland dollar	1¢ 5¢ 10¢ 20¢ 25¢ 50¢ $2 Coins of the Newfoundland dollar

Organizations and institutions	Bank of Canada Canadian Bank Note Company Royal Canadian Numismatic Association Canadian Numismatic Association medals and awards Canadian Paper Money Society Currency Museum Royal Canadian Mint

Community currencies	Calgary dollar Toronto dollar Canadian Tire money Salt Spring dollar Pioneer Bonus Bucks Mac's Dollars (Whitehorse, YT)

Other	Canadian dollar History of Canadian currency List of people on coins of Canada List of foreign countries with coinage struck at the Royal Canadian Mint Royal Canadian Mint tokens and medallions

Currencies named pound or similar

Current	Pound sterling: (Alderney pound • Falkland Islands pound • Gibraltar pound • Guernsey pound • Jersey pound • Manx pound • Saint Helena pound) Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol Pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre French colonial livre Gambian pound Georgia pound Ghanaian pound Haitian livre Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Livre tournois Lombardo-Venetian pound Luccan pound Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New France livre New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Paris livre Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

This article is issued from Wikipedia - version of the Wednesday, July 02, 2014. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.