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The franc is the currency of New Caledonia and Wallis and Futuna. For the former North American fur-trading district see New Caledonia (Canada, and for the Scottish colony in Panama see Darien scheme. Wallis and Futuna, officially the Territory of Wallis and Futuna Islands ( French: Wallis et Futuna or Territoire des îles Wallis et Futuna, It is subdivided into 100 centimes. Centime (from Latin centesimus) is French for " cent " and is used in English as the name of the fraction Currency in several Francophone Since 1945, it has been part of the CFP franc. The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia

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History

Until 1873, the French franc circulated on New Caledonia. The franc (represented by the franc sign ₣ or more commonly just F) is a former Currency of France. That year banknotes were issued specifically for use on the island which circulated along with French coins. In 1945, the CFP franc was introduced, with coins issued for New Caledonia from 1949. The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia The CFP franc is also issued in French Polynesia and was used in the New Hebrides until 1983. French Polynesia ( French: Polynésie française, Tahitian: Pōrīnetia Farāni) is a French Overseas collectivity in the Hebrides (disambiguation New Hebrides was the colonial name for an Island group in the South Pacific that now forms the nation of Vanuatu. Since 1985, banknotes have been issued common to both New Caledonia and French Polynesia, 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. In 1967, nickel 10, 20 and 50 francs were introduced, followed by nickel-bronze 100 francs in 1976.

The overall design has not changed since the introduction of the New Caledonian franc coins, and the obverse has been identical to that of the French Polynesian franc. The franc is the currency of French Polynesia. It is subdivided into 100 centimes. The only notable change is the addition of "I. E. O. M" (Institut d'émission d'Outre-Mer) in 1972. The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia

There are now 7 different denominations of coins for New Caledonia. They include a nickel bronze 100f, nickel 50f, nickel 20f, nickel 10f, aluminium 5f, aluminium 2f and aluminium 1f.

The 100f and 50 f coins feature the same design. They have a hut of the indigenous peoples, with a palm tree behind it, and three palm leaves surrounding. The 20f coin features three heads of cattle facing to the left. The 10f features a boat of the indigenous tribes. The 5f, 2f and 1f all feature the national bird Kagu

Banknotes

Between 1873 and 1878, the Compagnie de la Nouvelle Calédonie introduced 5 and 20 franc notes. KAGU is a Classical music Radio station run by Gonzaga University in Spokane Washington. These were followed in 1875 by notes of the Banque de la Nouvelle Calédonie in denominations of 5, 20, 100 and 500 francs. From the 1890s, the Banque de l'Indochine issued banknotes from Nouméa in denominations of 5, 20, 100 and 500 francs. History Banque de l'Indochine was a Note-issuing bank established in Paris on January 21, 1875, for the territories of France

Between 1914 and 1923, postage stamps were used to make currency. The first issues were pieces of cardboard to which stamps were affixed in denominations of 25 and 50 centimes, 1 and 2 francs, with the 50 centime denominations made from either a single 50 centime stamp or a 15 and a 35 centime stamp. The second issue from 1922 consisted of 25 and 50 centime stamps encapsulated in aluminium.

Between 1918 and 1919, the Nouméa Treasury introduced 50 centime, 1 and 2 franc notes. 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. The Free French Forces (Forces Françaises Libres FFL) were French fighters in World War II who decided to continue fighting against Axis forces

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. The earlier issue lacked the state title "République française". This article is about the country For a topic outline on this subject see List of basic France topics. 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.

See also

References

External links

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