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The Franc Poincaré
is a unit of account that was used in the international regulation of liability. It is defined as 65.5 milligrams of gold of millesimal fineness .900. Formerly it was identical to the French franc, although it has not been so since the 1920s.
Practice on its conversion to national currencies varies from state to state; in most states the conversion factor is based not on the market price of gold, but on an official price (a remnant of the gold standard, frequently far below its market price today). The Franc Poincaré has been replaced for most purposes by Special Drawing Rights
Special Drawing Rights are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund . Not a currency, SDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged...
Conventions which used the Franc Poincaré included the Convention for the Unification of Certain Rules Relating to International Carriage by Air
The Warsaw Convention is an international convention which regulates liability for international carriage of persons, luggage or goods performed by aircraft for reward....
, the International Convention on Civil Liability for Oil Pollution Damage
The International Convention on Civil Liability for Oil Pollution Damage, 1992, often referred to as CLC, is a maritime treaty. The convention was adopted "to ensure that adequate compensation is available to persons who suffer oil pollution damage resulting from maritime casualties involving...
and the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage.