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1 January 1999 onward – Fixed exchange rate with the euro at F.CFP 1,000 = €8.38 or €1 ≈ F.CFP 119.332 (1 January 1999: euro replaced FRF at the rate of 6.55957 FRF for 1 euro) The calculation to the euro was 0.055 ÷ 6.55957 × 1000 ≈ 8.3847 {\displaystyle 0.055\div 6.55957\times 1000\approx 8.3847} , which meant that 1000 XPF was ...
The 100 and 1000 franc notes have two variants. The earlier issue lacked the state title "République française". 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. These ...
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 Treasury again issued 50 centime, 1 and 2 franc notes in 1942 in the name of the Free French, with 5 and 20 franc notes added in 1943. In 1969, the Institut d'Emission d'Outre-Mer, Nouméa took over the issuance of paper money, introducing notes for 100, 500, 1000 and 5000 francs. The 100 and 1000 franc notes have two variants.
In 1949, the CFP franc's relationship to the French franc stabilized at 5.5 French francs = 1 CFP franc. From 1959, the exchange rate to the Australian pound was almost exactly 200 francs = 1 pound. This rate became 100 francs = 1 Australian dollar in 1966 when the dollar was introduced. The Australian dollar circulated alongside the local ...
Notes were issued in denominations of 5, 10, 20, 50, 100, and 1,000 francs, followed by those of 500 francs in 1949, and 5,000 francs in 1952. In 1957, the Institut d'Émission de l'Afrique Équatoriale Française et du Cameroun took over paper money production, issuing all of the earlier denominations except for the 500 -franc bill.
Along with the French territories of New Caledonia and French Polynesia, the territory uses the CFP Franc, which is fixed vs. the euro, at the rate of 1,000 XPF = 8.38 euro. In 1991, BNP Nouvelle-Calédonie, a subsidiary of BNP Paribas , established a subsidiary, Banque de Wallis et Futuna, which currently is the only bank in the territory.
In 1943, the Caisse Centrale de la France Libre introduced notes in denominations of 5, 10, 20, 100 and 1000 francs. These were followed from 1945 by issues of the Caisse Centrale de la France d'Outre-Mer in denominations of 5, 20 and 1000 francs, followed by 10 francs in 1946, 50 francs in 1947 and 100, 500 and 5000 francs in 1950.