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Charlemagne's Admonitio Generalis on Interest

5/22/2021

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  In 789 A.D. Charlemagne in his Admonitio Generalis prohibited usury by all people, laymen as well as clerics, ....citing the following authorities: Scripture. 
     In Charlemagne's Capitulary of Nijmegen of March 806 he defines usury in clause 11 as "claiming back more than you give; for instance, if someone has given 10 solidi and asks for more than 10 in return, that is usury.  Clause 16 "lending (foenus) consists in providing something; the loan is fair and just when one demands no more than what he provided."
      Charlemagne imposed heavy fines for usury - the charging of interest on loans.

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