Latin Monetary Union definition of Latin Monetary Union in the Free Online Encyclopedia.

Latin Monetary Union. In 1865, France, Belgium, Italy, and Switzerland (joined in 1868 by Greece) agreed to regulate their national currencies on a uniform basis, thus making it freely interchangeable. Several other countries joined informally. The fluctuations of gold and silver created difficulties, and the union, further disrupted by World War I, was disbanded in 1927.

Latin Monetary Union

a union concluded in 1865 by France, Belgium, Italy, Switzerland, and (from 1868) Greece to standardize the coinage of gold and silver coins and to maintain a stable money circulation on the basis of bimetallism. The members of the Latin Monetary Union could freely coin gold and silver at the value ratio of 15.5 to 1. Acceptance of the silver coins of each member by the state treasuries of the others on the same basis as gold coins was obligatory in all payment transactions between the members. In the 1870’s, as a result of the progressive devaluation of silver and the shift by the majority of European countries to gold monometallism, a considerable number of freely coined silver 5-franc coins streamed into the countries of the Latin Monetary Union, thus creating the danger of gold outflow from these countries. The Latin Monetary Union was compelled to limit the coinage of silver coins and subsequently to discontinue it altogether.

After World War I, when the capitalist countries turned to paper money, the Latin Monetary Union lost its importance and virtually ceased to exist (it was formally disbanded on Dec. 31, 1926).

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No references found	For instance, five European countries joined ranks to set up the Latin monetary union between 1875 and 1927, three other countries formed the Scandinavian monetary union (1873-1914). The Gulf Monetary Union Depicted as an Economic Gain by Dar Al Hayat, International ed. (Beirut, Lebanon) The same took place elsewhere in Europe, where a Latin Monetary Union was established in 1865 (with a common currency based on the franc germinal). Clearing and settlement at Norges Bank--a historical review by Haare, Harald / Economic Bulletin A far more important attempt was the Latin Monetary Union (LMU). History of Previous European Currency Unions by Sam Vaknin / Banking, finance and accounting community	Latimer County Latimer, Hugh Latimer, Lewis Howard Latimeria Latimeridae Latin Latin 1 Latin Alphabet Latin America Latin America, Institute of Latin American arts Latin American Center of Workers Latin American Communist Conference Latin American Confederation of Trade Unions Latin American Free Trade Association Latin American Integration Association Latin American Literature Latin cross Latin Empire Latin Empire of Constantinople Latin Festival Latin Kingdom of Jerusalem Latin language Latin League Latin literature Latin Monetary Union Latin Quarter Latin rectangle Latin Road Latin square Latin Wars Latin Way Latina Latini, Brunetto Latins Latinskaia Amerika latite Latitude latitude and longitude Latitude Argument latitude effect latitude factor latitude line Latitude Service Latitude Station latitude variation Latitude, Geomagnetic Latitude, Magnetic latitudinarian Latium Latnaia	Latin goddess Latin grammar Latin Greece Latin honors Latin hypercube sampling Latin Jazz Institute Latin Killers Latin King Killer Latin Kingdom of Jerusalem Latin kings Latin Ladies on the Net Latin language Latin language Latin language Latin languages Latin league Latin Legum Magister Latin letters Latin letters Latin literature Latin Lover Latin lovers Latin mahattan Latin mahattan Latin mahattan Latin MALE Builders Association Latin Manharlal Securities Private Limited Latin Market Communications Latin Mass Society of Ireland Latin Monetary Union Latin Music Booking Latin Muslims of the Bay Area Latin name Latin name Latin name Latin names of sharks Latin names of sharks Latin names of sharks Latin nationalism Latin nationalism Latin palaeography Latin palaeography Latin paleography Latin paleography Latin Percussion Latin Percussion Jazz Ensemble Latin Person Latin Print Network Latin Quarter Latin Quarter Latin races Latin rectangle Latin rite Latin Rite Catholic Church Latin Rite Catholic Church Latin Road Latin School of Chicago Latin script Latin script Latin Series of Poker

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For instance, five European countries joined ranks to set up the Latin monetary union between 1875 and 1927, three other countries formed the Scandinavian monetary union (1873-1914).

The Gulf Monetary Union Depicted as an Economic Gain by Dar Al Hayat, International ed. (Beirut, Lebanon)

The same took place elsewhere in Europe, where a Latin Monetary Union was established in 1865 (with a common currency based on the franc germinal).

Clearing and settlement at Norges Bank--a historical review by Haare, Harald / Economic Bulletin

A far more important attempt was the Latin Monetary Union (LMU).

History of Previous European Currency Unions by Sam Vaknin / Banking, finance and accounting community

Latimer County

Latimer, Hugh

Latimer, Lewis Howard