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How did John II of France try to stabilize the currency?

  • Introduced new Taxes

  • He created the franc

  • Sold Crown Jewels

  • Loaned from rich Nobles

Answer

John II of France created the franc as a new currency in order to stabilize the economy and combat inflation. The franc was backed by gold and silver, and was intended to be a stable currency that would not be subject to the same fluctuations as the livre tournois, the previous currency of France.
The Magnificent Monarch: Unraveling the Reign of John II of France

The Magnificent Monarch: Unraveling the Reign of John II of France

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