Banque centrale du Luxembourg

1803				Introduction of the franc germinal by the Emperor Napoleon, Luxembourg being the Water and Forests Department of the French empire.
1842				Luxembourg becomes a member of the German customs union (Zollverein). Introduction of the Thaler.
1848				Introduction of the franc for administrative and official documents.
1856				Creation of the Banque Internationale à Luxembourg (BIL) which obtained the authorisation to issue banknotes.
1873				Foundation of the Banque Nationale du Grand-Duché de Luxembourg, first rough sketch of a Luxembourg central bank. It also obtained the right to issue banknotes (in Thalers and in Francs, then in Marks).
1881				The Banque Nationale ended its activity.
1914				Banknotes issued by the BIL became the legal currency.
1918				A grand-ducal decree used, for the first time, the expression "Luxembourg franc".
1922				Economic union with Belgium, the first step towards monetary cooperation. Parity was established between the Luxembourg franc and the Belgian franc.
1935				Monetary agreement with Belgium. Belgian coins and banknotes became legal tender in Luxembourg.
1944				Luxembourg becomes a founding member of the International Monetary Fund (IMF) and of the World Bank.
1970				The Werner Report provided for the creation of a single European currency in the long-term.
1983				Creation of the Luxembourg Monetary Institute (IML), responsible, in particular, for the supervision of the financial sector and for issuing currency.
1992				The Maastricht Treaty provided for a single European currency and for the creation of a central bank in Luxembourg.
1998				On 1 June, creation of the BCL, simultaneously with that of the ECB.
1999				On 1 January, introduction of the euro as scriptural money
2002				On 1 January, introduction of hte euro as banknotes and coins

Monetary history