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The contracts were sold mainly through the company's Paris office and were denominated in French francs.
FORBES: Settling a Case--After 85 Years
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Deutschmarks, French francs, and lira make a comeback as member countries revert to their original constituent currencies.
FORBES: Top Ten Surprises for 2010
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The effect has been that, to avoid currency risk, its investment would go into French assets, since its liabilities were largely in French francs.
ECONOMIST: When countries don��t count
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Even today, it is possible to find French people talking in old francs, which were replaced 40 years ago.
ECONOMIST: Unready for blast-off | The
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Centres Lelerc, a French supermarket chain, has been showing prices in both francs and euros since May, as have shops in Belgium and Portugal.
ECONOMIST: Befuddled in Euroland