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An ordinance of 15 September 2021, which entered into force on 26 February 2022, defines the name CFP franc as le franc des collectivités françaises du Pacifique ( lit. 'the franc of the French Communities of the Pacific' ).
Oct 19, 2022 · Key Takeaways. The CFP franc (XPF) is the official currency of French Polynesia and its neighboring French protectorates. CFP stands for Central Pacific franc and is also...
Feb 3, 2024 · The CFP franc (XPF) is the official currency for French Polynesia and neighboring French protectorates. Introduced in 1945, the CFP franc aimed to protect French colonies from the post-World War II devaluation of the French franc.
The CFP franc (usually just called franc) is the currency used in some of France's overseas colonies ( French Polynesia, New Caledonia and Wallis and Futuna ). It was created in December 1945. The initials CFP originally stood for Colonies françaises du Pacifique ("French colonies of the Pacific") but now officially stand for Change Franc ...
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 ...
Oct 26, 2023 · A Currency with a Stable Exchange Rate. One of the key features of the CFP Franc is its stable exchange rate. It is pegged to the Euro at a fixed rate of 1 Euro to 119.3317 XPF. This fixed exchange rate ensures a reliable value for the currency and allows for easier trade and financial transactions within the Pacific region.
Sep 20, 2022 · Central African CFA franc, symbolized by the abbreviation XAF in currency markets, is the official currency of six member nations, and the West African CFA franc, symbolized by...
