| New Hebrides franc | |
| User(s) | New Hebrides |
|---|---|
| Inflation | - |
| Subunit | |
| 100 | centime |
| Symbol | Fr |
| Coins | 1, 2, 5, 10, 20, 50, 100 francs |
| Banknotes | 100, 500, 1000 francs |
| Central bank | Institut d'émission d'Outre-Mer (IEOM) |
| Website | www.ieom.fr |
| This infobox shows the latest status before this currency was rendered obsolete. Hebrides (disambiguation New Hebrides was the colonial name for an Island group in the South Pacific that now forms the nation of Vanuatu. In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time Centime (from Latin centesimus) is French for " cent " and is used in English as the name of the fraction Currency in several Francophone A currency sign is a graphic symbol often used as a shorthand for a Currency 's name A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia | |
The franc was the currency of the Anglo-French Condominium of the Pacific island group of the New Hebrides (which became Vanuatu in 1980). Hebrides (disambiguation New Hebrides was the colonial name for an Island group in the South Pacific that now forms the nation of Vanuatu. Hebrides (disambiguation New Hebrides was the colonial name for an Island group in the South Pacific that now forms the nation of Vanuatu. Vanuatu, officially the Republic of Vanuatu ( French: République de Vanuatu, Bislama: Ripablik blong Vanuatu) is an Island Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) It circulated alongside British and later Australian currency. The New Hebrides franc was nominally divided into 100 centimes, although the smallest denomination was the 1 franc. Centime (from Latin centesimus) is French for " cent " and is used in English as the name of the fraction Currency in several Francophone Between 1945 and 1969, it was 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
Contents |
History
Until the Second World War, the New Hebrides used the French franc and the British and Australian pounds. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including The franc (represented by the franc sign ₣ or more commonly just F) is a former Currency of France. The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency The pound was the currency of Australia until 1966 It was subdivided into 20 Shillings each of 12 pence. In 1941, the Free French forces introduced paper money for circulation on the New Hebrides. The Free French Forces (Forces Françaises Libres FFL) were French fighters in World War II who decided to continue fighting against Axis forces In 1945, the CFP franc was introduced to insulate France's Pacific colonies from the devaluation of the French franc and the New Hebrides used a combination of New Caledonian franc coins and locally issued notes. The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia The franc (represented by the franc sign ₣ or more commonly just F) is a former Currency of France. The franc is the currency of New Caledonia and Wallis and Futuna.
In 1949, the CFP franc's relationship to the French franc stablized at 5. 5 French francs = 1 CFP franc. From 1959, the exchange rate to the Australian pound was almost exactly 200 francs = 1 pound. The pound was the currency of Australia until 1966 It was subdivided into 20 Shillings each of 12 pence. This rate became 100 francs = 1 Australian dollar in 1966 when the dollar was introduced. The Australian dollar ( sign: $; code: AUD) is the Currency of the Commonwealth of Australia, including Christmas The Australian dollar circulated alongside the local currency.
From 1966, coins were produced in the name of the New Hebrides. In 1969, the New Hebrides franc broke away from the CFP franc and maintained the relationship with the Australian dollar of 100 francs = 1 dollar until 1973. In 1982, the franc was replaced at par by the vatu following independence as Vanuatu. The vatu ( ISO 4217: VUV, sometimes Vt) is the currency of Vanuatu. Vanuatu, officially the Republic of Vanuatu ( French: République de Vanuatu, Bislama: Ripablik blong Vanuatu) is an Island At the same time, the Australian dollar ceased to officially circulate.
Coins
In 1966, silver 100 franc coins were introduced. These were followed by nickel 10 and 20 francs in 1967, nickel-brass 1, 2 and 5 francs in 1970 and nickel 50 francs in 1972. Only the nickel coins (10, 20, and 50 francs) were the same size, composition, and obverse as the corresponding French Polynesian and New Caledonian coins. The franc is the currency of French Polynesia. It is subdivided into 100 centimes. The franc is the currency of New Caledonia and Wallis and Futuna.
The overall design has not changed since the introduction of the New Hebrides franc coins. The only notable change is the addition of "I. E. O. M" (Institut d'émission d'Outre-Mer) in 1973. The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia
Banknotes
The first New Hebridian banknote was issued in 1921, a 25 franc note of the Comptoirs Français des Nouvelles Hébrides (French Trading Posts of the New Hebrides) dated 22 août (August) 1921. This is a very rare note. The New Hebrides began issuing banknotes again in 1941. These were overprints on New Caledonian banknotes (issued by the Banque de l'Indochine), in denominations of 5, 20, 100, 500 and 1000 francs. For the former North American fur-trading district see New Caledonia (Canada, and for the Scottish colony in Panama see Darien scheme. The same denominations were issued in 1943 by the Free French Services Nationaux Français des Nouvelles Hébrides. The Free French Forces (Forces Françaises Libres FFL) were French fighters in World War II who decided to continue fighting against Axis forces
In 1965, the Institut d'Emission d'Outre-Mer took over the issuance of paper money on the New Hebrides and introduced notes in denominations of 100, 500 and 1000 francs between 1965 and 1972. Unlike the French Polynesian and New Caledonian counterparts, New Hebrides never had a 5000 franc note.
See also
References
- Krause, Chester L. The CFP franc (called the franc in everyday use is the Currency used in the French overseas possessions of French Polynesia, New Caledonia The franc is the currency of New Caledonia and Wallis and Futuna. The franc is the currency of French Polynesia. It is subdivided into 100 centimes. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed. The Standard Catalog of World Coins is a series of numismatic Catalogs commonly known as the Krause catalogs in the Numismatic hobby , Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. The Standard Catalog of World Paper Money is a very well-known catalogue of Banknotes that is published by Krause Publications in three volumes Bruce II and Neil Shafer (editors), 7th ed. , Krause Publications. ISBN 0-87341-207-9.
- Reserve Bank of Vanuatu. The Reserve Bank of Vanuatu is the Central bank of Vanuatu. See also Economy of Vanuatu Vanuatu vatu Brief History of the Reserve Bank of Vanuatu. Retrieved on 2007-07-20. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 1304 - Wars of Scottish Independence: Fall of Stirling Castle - King Edward I of England takes the last rebel stronghold
External links
- Don's World Coin Gallery - New Hebrides
- Ron Wise's World Paper Money - New Hebrides Mirror site
- The Global History of Currencies - New Hebrides
- Global Financial Data currency histories table (
Microsoft Excel format)
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