After bringing the Flemish War to a victorious conclusion in 1305, Philip on 8 June 1306 ordered the silver content of new coinage to be raised back to its 1285 level of 3.96 grams of silver per "livre". To harmonize the strength of the old and new currencies, the debased coinage of 1303 was devalued accordingly by two-thirds. The debtors were driven to penury by the need to repay their loans in the new, strong currency. This led to rioting in Paris on 30 December 1306, forcing Philip to briefly seek refuge in the Paris Temple, the headquarters of the Knights Templar.