Franga

Franga
100 Franga Coin with portrait of Zogu.
100 Franga Coin with portrait of Zogu.
Central bank Bank of Albania
User(s) Albania Albanian Republic
Albania Albanian Kingdom
Subunit
1/100 Qindark ari
Nickname Leku Zogut
Coins
Freq. used 10, 20, 50 and 100 Franga
Banknotes
Freq. used 5, 20, and 100 Franga

The Franga is an obsolete unit of currency, used in the Albanian Republic and Albanian Kingdom under Zogu.[1] The coins were used from 1926 until 1939, when the currency was replaced by the Lek.[2]

Coins

Albania's first gold coins were issued in 1926, under President Ahmed Zogu, who in 1928 went on to proclaim himself King Zog I in 1928. These are denominated in franga ari (singular = frang ar). We guess the word frang is related linguistically to franc, and it is possible that the word ar relates to argent, argentum, or Ar, meaning silver. After the occupation by Italy in 1939, they were nominated in Lek (plural leki). There are 5 lek = 1 frang. According to Krause, 100 qindark leku = 1 lek, and 100 qindark ara = 1 frang ari. It would appear that the word qindark means hundredth or cent, to which it appear also be phonetically related. The plural of quindar is quindarka. The above information is in accordance with, and limited by, our extremely vague knowledge of the Albanian language. The following coins were in circulation:[2]

Denomination Diameter (mm) Weight (gram) Alloy AGW
10 Franga 18,5 3,2258 0,9000 0,0933
20 Franga 20 6,4516 0,9000 0,1867
50 Franga 27 16.1290 0,9000 0,4667
100 Franga 34,5 32,2580 0,9000 0,9335
  • Note: Alloy = Fineness of gold, AGW = Actual fine gold weight in troy ounces
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Last modified on 25 April 2013, at 16:55