This paper discusses the French franc stabilization process, happened in the second half of 1926, focusing on the perspective offered by the recorded daily memories of the new governor of the Bank of France at the time, Emile Moreau. The first section covers the French political scene in the period of the Cartel des Gauches dissolution. After that, the new basis for the monetary stabilization provided by the Comité d'Experts are examined, as well as the main factors behind the dismissal of the Bank of France's top executive rank by the minister of finance Joseph Caillaux. Next, Moreau's main monetary policy actions are presented, along with his clashes with Prime Minister Raymond Poincaré over the best strategy toward the country's economic recovery. The concluding remarks assess how far apart indeed were Poincaré and Moreau's conceptions about the most appropriate level for stabilizing the exchange rate.
gold-standard; French franc; Bank of France; Emile Moreau; Raymond Poincaré.