French livre

The livre (English: pound) was the currency of France from 781 to 1794. Several different livres existed, some concurrently. The livre was the name of both units of account and coins.

The livre was established by Charlemagne as a unit of account equal to one pound of silver. It was subdivided into 20 sous (also sols), each of 12 deniers. The word livre came from the Latin word libra, a Roman unit of weight. This system and the denier itself served as the model for many of Europe's currencies, including the British pound, Italian lira, Spanish dinero and the Portuguese dinheiro.

This first livre is known as the livre carolingienne. Only deniers were initially minted, but debasement led to larger denominations being issued. Different mints in different regions used different weights for the denier, leading to several distinct livres of different values.

"Livre" is a homonym of the French word for "book" (from the Latin word ), the distinction being that the two have a different gender. The monetary unit is feminine, la/une livre, while "book" is masculine, le/un livre.

For much of the Middle Ages, different duchies of France were semi-autonomous if not practically independent from the weak Capetian kings, and thus each minted their own currency. Charters would need to specify which region or mint was being used: "money of Paris" or "money of Troyes". The first steps towards standardization came under the first strong Capetian monarch, Philip II Augustus (1165–1223). Philip II conquered much of the continental Angevin Empire from King John of England, including Normandy, Anjou, and Touraine.

The currency minted at the city of Tours in Touraine was considered very stable, and Philip II decided to adopt the livre tournais as the standard currency of his lands, gradually replacing even the livre of Paris, and ultimately the currencies of all French-speaking areas he controlled. This was a slow process lasting many decades and not completed within Philip II's lifetime.

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