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The CFP franc was created in December 1945, together with the CFA franc, used in Africa, because of the weakness of the French franc immediately after the Second World War. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar .
The 500 and 5000 franc notes have had the state title since their introductions. The 100 franc notes were replaced by coins in 1976. In 1985, 10,000 franc notes common to all the French Pacific Territories were introduced. Between 1992 and 1996, the remaining 500, 1000 and 5000 franc denominations were replaced with a similarly common design.
The Banque André Krajewski also issued notes for these denominations in 1920. The Banque de l'Indochine introduced 500 franc notes in 1923, followed by 1000 francs in 1940. Wartime emergency currency was issued during both World War I [3] and World War II [4] in denominations ranging from 25 centimes to 2½ francs. The illustrated notes (right ...
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
CFP franc area (French Polynesia, New Caledonia, Wallis and Futuna) 2022 onwards: 1- and 2- franc coins (along with the old coins) ceased to be legal tender on 30 November 2022 with the new coin series (which omits the 1 and 2 franc coins) circulating from September 2022. The rounding rule does not apply to non-cash transactions. [9] Croatia ...
Building at 115, rue Réaumur in Paris, the head office of IEOM and IEDOM. The Institut d'émission d'outre-mer (IEOM, lit. ' overseas institution of issue ') is a public bank of issue that issues the CFP franc, the currency of the French overseas collectivities French Polynesia, New Caledonia, and Wallis and Futuna.
The franc is any of various units of currency.One franc is typically divided into 100 centimes.The name is said to derive from the Latin inscription francorum rex (King of the Franks) used on early French coins and until the 18th century, or from the French franc, meaning "frank" (and "free" in certain contexts, such as coup franc, "free kick").
The Franc Poincaré is a unit of account that was used in the international regulation of liability. It was introduced on June 25th, 1928 as a replacement for the Germinal franc, [1] [2] which had been established by Napoleon Bonaparte in 1803. [3] [4] It was defined as 65.5 milligrams of gold of millesimal fineness .900. [2]