|Luxembourg banknotes 500 francs note|
|500 Luxembourg franc banknote|
Luxembourg banknotes, Luxembourg paper money, Luxembourg bank notes, Luxembourg currency, Luxembourgish franc, Franc Luxembourgeois, Luxemburger Franken, Luxembourg currency image, Luxembourg money, Luxembourg currency gallery.
Obverse: Portrait of Grand Duchess Charlotte of Luxembourg.
Reverse: The facade of the Grand Ducal Palace in Luxembourg.
Charlotte, Grand Duchess of Luxembourg (Charlotte Adelgonde Élise/Elisabeth Marie Wilhelmine; 23 January 1896 – 9 July 1985), reigned from 1919 to 1964.
The Luxembourgish franc (more commonly Luxembourg Franc or LUF, French: franc Luxembourgeois, Luxembourgish: Lëtzebuerger Frang, German: Luxemburger Franken) was the currency of Luxembourg between 1854 and 1999 (except during the period 1941-44). The franc remained in circulation until 2002, when it was replaced by the euro. During the period 1999–2002, the franc was officially a subdivision of the euro (1 euro = 40.3399 francs) but the euro did not circulate. Under the principle of "no obligation and no prohibition", financial transactions could be conducted in euros and francs, but physical payments could only be made in francs, as euro notes and coins were not available yet.
The franc was subdivided into 100 centimes.
The Luxembourg franc was fixed at 1 euro = 40.3399 francs on 1 January 1999. Euro coins and banknotes were introduced on 1 January 2002. Old franc coins and notes lost their legal tender status on 28 February 2002.