Deliver tournaments

History

At the time medieval, delivers it tournaments was used in several principalities, particularly in Hainaut and Burgundy. It was initially struck with the Saint Martin's day abbey, in the area of Tours (from where its name comes to him from tournaments).

In 1203, with the fastening of the Anjou to the crown, under Philippe II of France, it replaces the Livre parisis like money of account of the royal field.

In 1262, the monetary reform of Saint Louis extends the legal tender of the book tournaments to the kingdom.

In 1360 is created the Franc with horse being worth a book tournaments. Struck to three million specimens, it will use to pay the ransom of the king Jean II the Good

In 1549, delivers it tournaments is issued Unit of Account for the behavior of accountancies. This royal decree is confimée in 1602, after one short period, between 1577 and 1602, during which the behavior of the accounts was to be made in ecu, which was the currency of payment.

In 1667, delivers it tournaments definitively supplants the Livre parisis, which continued to be used in some areas of the kingdom.

In 1720, after the bankruptcy of the System of Law, the official designation of the book tournaments becomes the " livre".

In 1795, the franc replaces delivers it like monetary Unit of Account.

Subdivisions and legal tender

The book tournaments is subdivided in grounds, and sums of money.

1 book tournaments = 20 grounds tournaments
1 ground = 12 sum of money S tournaments

With thus: 1 book tournaments = 240 sums of money.

It is a currency of reference used to be able to convert sums in the same unit, at one time or a multitude of very different values is in circulation. It is used to homogenize the operations evoked by the account, it is quite distinct from the currency with which these operations are materially carried out.

The legal tender of gold the book tournaments and silver, was fixed by royal decree in reference to:

a size (a weight) fixed in marc of Weight of marc (1 marc = approximately 244,7 grams)
a quality (proportion of noble metal) fixed in carats (1 Carat = 1/24ème)

Thus, the royal edict of March 31st 1640 fixes the course of the louis of gold at 1/36,25 gold marc with a quality of 22/24 carats, for a value of 10 books tournaments. That is to say a legal tender of the book tournaments (lt) to 1 lt = (1/36.25 * 22/24) * (244,7/10) = 0,619 grams of pure gold.

Equivalence of the book tournaments in euros

It is difficult to give a current value to an old currency but, to be able to have an idea of what the book tournaments was worth at the time, the historians give him a median value of 8 Euro S of 2006. Thus, while reading: " the cardinal Mazarin left at the French State the whole of its goods, for a total of 35 million books, including 8 million in liquid " , one will include/understand 280 million euros including 64 million in cash .

Others

Large tournaments

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