answers: euro
context: essentially receded, though some of its traits remain. The French economy grew and changed under government direction and planning much more than in other European countries. Despite being a widely liberalized economy, the government continues to play a significant role in the economy: government spending, at 56% of GDP in 2014, is the second highest in the European Union. Labour conditions and wages are highly regulated. The government continues to own shares in corporations in several sectors, including energy production and distribution, automobiles, transportation, and telecommunications. However these shareholdings are being rapidly sold, the state keeping mostly symbolic stakes in </s> before the Bretton Woods system was replaced by free-floating exchange rates. When the euro replaced the franc on 1 January 1999, the franc was worth less than an eighth of its original 1960 purchasing power. After revaluation and the introduction of the new franc, many French people continued to use old francs ("anciens francs"), to describe large sums (throughout the 1980s and well in to the 1990s and virtually until the introduction of the euro, many people, old and young – even those who had never used the old franc – were still referring to the old franc, confusing people). </s> 1:15.5 ratio between the values of the two metals (bimetallism) until 1864, when all silver coins except the 5-franc piece were debased from 90% to 83.5% silver without the weights changing. This coinage included the first modern gold coins with denominations in francs. It abandoned the revolutionary symbols of the coinage 1795, now showing Napoleon in the manner of Roman emperors, first described as "Bonaparte Premier Consul" and with the country described as "République Française". The republican pretense faded fast. In 1804 coins changed the obverse legend to Napoleon Emperor, abandoning his family name in the manner of kings. In
question: what is the name of the currency used in france