Livre tournois

Livre tournois
La Banque Royale: 100 livres Tournois (1720)
Unit
Unitlivre
Symbol
Denominations
Subunit
120sous
sol until 1714
1240denier
Demographics
User(s)France
This infobox shows the latest status before this currency was rendered obsolete.

The livre tournois (French pronunciation: [livʁ tuʁnwa]; lit.'Tours pound'; abbreviation: or £[1]) was one of numerous currencies used in medieval France,[2] and a unit of account (i.e., a monetary unit used in accounting) used in early modern France.

The 1262 monetary reform established the livre tournois as 20 sous tournois, or 80.88 grams of fine silver. The franc à cheval was a gold coin of one livre tournois minted in large numbers from 1360. In 1549, the livre tournois was decreed a unit of account, and in 1667 it officially replaced the livre parisis.[3] In 1720, the livre tournois was redefined as 0.31 grams of pure gold, and in 1726, in a devaluation under Louis XV, as 4.50516 grams of fine silver. It was the basis of the revolutionary French franc of 1795, defined as 4.5 grams of fine silver exactly.

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  2. ^ Cite error: The named reference robertson was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference france was invoked but never defined (see the help page).