TIL Previous to the Euro there was the Latin Monetary Union in which many European countries would mint coins to the same LMU standards allowing for ease of exchange. The LMU was established in 1865 and disbanded in 1927. The standards fell out of favor due to currency debasement and WW1.

Read more: https://en.wikipedia.org/wiki/Latin_Monetary_Union

What do you think?

12 Points
Upvote Downvote

Leave a Reply