Calculating the Nisab of Zakah in hard currency

Q: Please determine the Nisab (the minimum amount on which Zakah is due) of Zakah (obligatory charity) on hard currency -the French franc- for the year 1415 A.H. corresponding to 1994 A.C. (Part No. 8; Page No. 222

A: The Nisab of money, other than gold, on which Zakah should be paid is the equivalent of the value of one hundred and forty grams of silver or more of any currency.Thus if the money reaches the value of this amount or more, it is obligatory to pay Zakah on this amount upon the passage of a Hawl (one lunar year calculated from the time a property reaches the minimum amount upon which Zakah is due). There is no Zakah due on any amount less than the Nisab unless it is joined to other money or trade offers whereby it reaches the Nisab and thus Zakah should be paid on the total sum.May Allah grant us success. May Allah's peace and blessings be upon our Prophet Muhammad and his family and Companions!