The Latin Monetary Union began as the Monetary Convention of December 23, 1865, which unified the coinage systems of Belgium, France, Italy and Switzerland, with Greece joining in 1867. It took the name Latin Monetary Union in early 1866, partly to make clear that the United Kingdom was not a participant. The union functioned as an early forerunner of later European monetary integration, but unlike the Scandinavian Monetary Union formed shortly afterward, it relied on no common institutions and was limited to coinage, never extending to paper money. This limitation left it increasingly irrelevant to actual monetary policy, and it was quietly dissolved in 1926, with its formal legal end following in 1927.
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Chronology
Dissolved YearWikidata Q613420, property P576 (dissolved, abolished or demolished date). Dissolved YearWikidata Q613420, property P576 (dissolved, abolished or demolished date). Founding YearSourced to the subject's own account Founding DateSourced to the subject's own account Classification
Institution SubtypeSourced to the subject's own accountInternational Organization (Non-Financial) 1 Sources
1. Latin Monetary Union (Wikipedia)
WikipediaIntroduction, first sentenceQuote, Introduction, first sentence
The Monetary Convention of 23 December 1865 was a unified system of coinage that provided a degree of monetary integration among several European countries, initially Belgium, France, Italy and Switzerland
2. Wikidata
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