Split Distinct Luxembourg Currencies

We currently make no distinction between the Luxembourg francs issued before and after the Second World War. If fact, they were two separate currencies. The first was withdrawn from circulation by the Germans in 1941 and replaced by the Reichsmark at a rate of 10 Fr = 1 RM. In 1944, the “Arrêté grand-ducal du 14 octobre 1944 concernant l'échange monétaire” introduced a new franc to replace the Reichsmark at a rate of 1 RM = 5 or 10 Fr (depending on the amount). Crucially, the pre-war franc (franc luxembourgeois ancien) was to be exchanged for the new currency at a rate of 1 old franc for 1.25 new francs (see Article 8 of the decree). This rate reflected the fact that, following Belgium's devaluation in 1935, the pre-war Luxembourg franc was worth 1.25 Belgian francs, whereas the post-war franc was at a par with the Belgian franc (which had continued to circulate throughout the war).

Can we therefore please create a new currency Franc (1854-1941) and rename the existing one to Franc (1944-2001)? That should keep the required number of pieces to be moved to a minimum.

I would love to have referees on board @Chilian / @smy77 , do you agree?

I was just added as referee for Luxembourg coins for translation purposes. So I would like to leave this decision to @smy77 

This suggestion seems to have got forgotten about. Is there any chance @smy77  could take a look? The evidence is quite clear but it would be best if the referee is on board with the change.

We have 4 votes in favour and none against. Can we move forward with this now?

Perhaps one of the catalog administrators need to be involved for this? 

@ArsenEverlast @Indomini16 @Jarcek @tdziemia

Is there a precedent on Numista for when a currency is devalued or revalued?

In previous or other cases does it create a new currency?

If the answer is yes then it should also apply in this case.

Just my thoughts.

Lee

There is also a distinction between the coins from the 2 periods. None of the pre-German Occupation coins were issued beyond 1939, and post war francs begin in 1946.

I agree with the proposal.

quick silver

Is there a precedent on Numista for when a currency is devalued or revalued?

In previous or other cases does it create a new currency?

If the answer is yes then it should also apply in this case.

 

Just my thoughts.

Lee

For revaluation, there are many examples (e.g., the French franc in 1960). Devaluation is different and happens all the time within the natural evolution of a currency. This is a revaluation, since the earlier francs were not equal in value when exchanged for the later francs.

There seem to be no arguments against this proposal and plenty of support, so can we move on to implementation?