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Description
Jacques Léon Rueff (1896–1978) was a French economist and adviser to the French government. An important economic advisor to President Charles de Gaulle, Rueff was also a major figure in the management of the French economy during the Great Depression. He was strongly in favour of European integration and served from 1952 to 1962 as a judge on the European Court of Justice.
He advised President Charles de Gaulle from 1958. That year, the Rueff Plan, also known as the Rueff-Pinay Plan, balanced the budget and secured the convertibility of the franc, which had been endangered by the strains of decolonisation.
In the 1960s, Rueff became a major proponent of a return to the gold standard and criticised of the use of the dollar as a unit of the reserve, which he warned would cause worldwide inflation.
Engrver: Pierre Rodier
Obverse
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Depicts a portrait of Jacques Rueff, on the left figure of Marianne sowing cereal, country name above, dates and his name below. RÉPUBLIQUE FRANÇAISE |
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Reverse
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Depicts a figure witch torch in a hand dividing face value, on the left a laurel branch, on the right an oak branch, along the top edge the national motto of France (Liberty, Equality, Fraternity), along the bottom edge year of issue 1996 divided by mint and privy marks. LIBERTÉ ÉGALITÉ FRATERNITÉ |
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