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mohsinqureshii

ADF (Andorran Franc) Definition

By mohsinqureshii, in Trading Dictionary

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mohsinqureshii    10

mohsinqureshii
Posted

The Andorran Franc was pegged by the country’s central bank to trade at an equal rate with the Franc used in France (prior to 1999). Andorra did not establish a formal currency union with France, so there was no need to create physical coins or bills. Traders with a focus on this country will now watch movements in the Euro, as this is the currency now used by the Andorran nation.

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