Crossword Genius

Reportedly genuine item that circulated in Paris (5)

Ross

I believe the answer is:

franc

'item that circulated in paris' is the definition.
(former French currency)

'reportedly genuine' is the wordplay.
'reportedly' indicates a 'sounds like' (homophone) clue.
'genuine' becomes 'frank' (synonyms).
'frank' is a homophone of 'FRANC'.

(Other definitions for franc that I've seen before include "Old French currency" , "Old French money" , "Nonsense (colloq.)" , "Former French monetary unit" , "Historic currency" .)

I've seen this clue in The Telegraph.
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