French Polynesian franc
Encyclopedia
The franc is the currency of French Polynesia
French Polynesia
French Polynesia is an overseas country of the French Republic . It is made up of several groups of Polynesian islands, the most famous island being Tahiti in the Society Islands group, which is also the most populous island and the seat of the capital of the territory...

. It is subdivided into 100 centimes. Since 1945, it has been part of the CFP franc
CFP franc
The CFP franc is the currency used in the French overseas collectivities of French Polynesia, New Caledonia and Wallis and Futuna. The initials CFP originally stood for Colonies Françaises du Pacifique...

.

History

Until 1914, the French franc
French franc
The franc was a currency of France. Along with the Spanish peseta, it was also a de facto currency used in Andorra . Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money...

 circulated in French Polynesia. That year, banknotes were issued specifically for use on in the colony which circulated along with French coins. In 1945, the CFP franc
CFP franc
The CFP franc is the currency used in the French overseas collectivities of French Polynesia, New Caledonia and Wallis and Futuna. The initials CFP originally stood for Colonies Françaises du Pacifique...

 was introduced, with coins issued for French Oceania (Etablisements Français de l'Océanie as the colony was then known) from 1949. From 1965, the name French Polynesia (Polynésie Française) has been used. The CFP franc is also issued in New Caledonia
New Caledonia
New Caledonia is a special collectivity of France located in the southwest Pacific Ocean, east of Australia and about from Metropolitan France. The archipelago, part of the Melanesia subregion, includes the main island of Grande Terre, the Loyalty Islands, the Belep archipelago, the Isle of...

 and was used in the New Hebrides
New Hebrides
New Hebrides was the colonial name for an island group in the South Pacific that now forms the nation of Vanuatu. The New Hebrides were colonized by both the British and French in the 18th century shortly after Captain James Cook visited the islands...

 until 1983. Since 1985, banknotes have been issued common to both French Polynesia and New Caledonia, although separate coinages continue.

Coins

In 1949, aluminium 50 centimes, 1 and 2 francs were introduced, followed by aluminium 5 francs in 1952. The 50 centimes was only issued in 1949. These coins carried the name Océanie. From 1965, the name changed to Polynesie. In 1967, nickel 10, 20 and 50 francs were introduced, followed by nickel-bronze 100 francs in 1976.

The overall design of the coins has not changed since their introduction and the obverse has always been identical to that of the coins of the New Caledonian franc
New Caledonian franc
The franc is the currency of New Caledonia and Wallis and Futuna. It is subdivided into 100 centimes. Since 1945, it has been part of the CFP franc.-History:...

. The only notable changes were the removal of the text "Union Française" and the change of name from "Établisements Français de l'Océanie" to "Polynésie Française" after 1952 and the addition of the initials "I.E.O.M" (Institut d'émission d'Outre-Mer) to the obverse in 1972.

Banknotes

In 1914, the Banque de l'Indochine
Banque de l'Indochine
The Banque de l'Indochine was a minting and banknote-issuing bank established in Paris on January 21, 1875, for the territories of France in Asia.-History:...

in Papeete
Papeete
-Sights:* Interactive Google map of Papeete, to discover the 30 major tourist attractions in Papeete downtown.*The waterfront esplanade*Bougainville Park -Sights:* Interactive Google map of Papeete, to discover the 30 major tourist attractions in Papeete downtown.*The waterfront...

 (the capital of French Polynesia on Tahiti
Tahiti
Tahiti is the largest island in the Windward group of French Polynesia, located in the archipelago of the Society Islands in the southern Pacific Ocean. It is the economic, cultural and political centre of French Polynesia. The island was formed from volcanic activity and is high and mountainous...

) introduced notes for 5, 20 and 100 francs. In 1919, the Chamber of Commerce introduced notes for 25 and 50 centimes, 1 and 2 francs. 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.

In 1969, the Institut d'Emission d'Outre-Mer, Papeete 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. The earlier issue lacked the state title "République française
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

". 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 were followed, between 1992 and 1996, by 500, 1000 and 5000 franc notes for all of the French Pacific Territories. The overall design has not changed since 1969.
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