CFP Franc
Franc CFP
Currency Code
XPF
ISO 953
Symbol
XPF
Native: ₣
Decimal Digits
0
Rounding: 0
Countries
PF, NC, WF
Using this currency
Currency Units
Major Unit
Name: franc
Symbol: ₣
Minor Unit
Name:
Symbol:
Value: 0
Banknotes
Frequently Used
₣500₣1000₣5000₣10000
Coins
Frequently Used
₣1₣2₣5₣10₣20₣50₣100
Plural Forms
English Plural
CFP francs
Native Plural
Francs CFP
Overview
The CFP Franc is the currency of French Polynesia, New Caledonia, and Wallis and Futuna. It is pegged to the euro and managed by the French treasury through IEOM (Institute of Issue for Overseas Territories).
Economy
- French Pacific Territories is a member of Associated with France in EU, Pacific Islands Forum (observers), Pacific Community.
- Main industries include: Tourism, Pearl farming, Mining (nickel), Agriculture, Fishing.
- Imports are fuels, foodstuffs, machinery, equipment.
- Major exports include pearls, nickel, fish, vanilla, copra.
- GDP: $9.8 billion (2023 est., combined territories).
- GDP per capita: $31,670 (2023 est., territorial average).
- Unemployment rate: 12.1% (2019 est.).
- Inflation rate: 0.8% (2023 est.).
- Main trading partners: France, Australia, New Zealand, Japan, United States.
- Trade agreements: EU agreements through France, Pacific regional arrangements.
History
- Previous currencies used: French franc, Various colonial currencies.
- The CFP franc was introduced in 1945 for French colonies in the Pacific. It has maintained stability through its peg to the French franc and later the euro.
- 1945: CFP franc introduced for French Pacific territories
- 1960s-1980s: Various autonomy agreements
- 1999: Peg switched from French franc to euro
- 2013: New banknote series introduced
- 2023: Digital payment modernization
- Exchange rate peg: EUR (1999-present) at 119.33 XPF = 1 EUR.
- Exchange rate peg: FRF (1945-1999).
- Currently pegged to EUR at 119.33 XPF = 1 EUR.
General Information
- ISO 4217 Code: XPF
- Symbols: XPF/₣
- Currency Subunits: 100 centimes
- Central Bank: IEOM (Institute of Issue for Overseas Territories)
- Monetary Policy: Currency board system maintaining EUR peg. Monetary policy set by French Treasury with focus on territorial economic stability.
- Bills: 500 XPF, 1000 XPF, 5000 XPF, 10000 XPF
- Coins: 1 franc, 2 francs, 5 francs, 10 francs, 20 francs, 50 francs, 100 francs
- USD Exchange Rate: Variable (approximately 109-112 XPF per USD)
- Pegged To: EUR at 119.33 XPF = 1 EUR
- Capital: Papeete (French Polynesia), Nouméa (New Caledonia), Mata-Utu (Wallis and Futuna)
- Population: 607,613 (2023 est., combined territories)
- Area: 22,663 km² (combined territories)
- Languages: French (official), Tahitian, Wallisian, Futunian, Various Melanesian languages
- Time Zones: UTC-10 (Tahiti), UTC+11 (New Caledonia), UTC+12 (Wallis and Futuna)
- Government Type: French overseas collectivities and territory
- Head of Government: French President (head of state), local presidents and governors
- Independence: French overseas territories
- Ethnic Groups: Polynesian 78%, European 12%, Melanesian 6%, Mixed 4%
- Religions: Protestant 54%, Roman Catholic 30%, Other Christian 6%, Other 10%
- Literacy Rate: 98% (2015 est.)
- Transport: International airports (Papeete, Nouméa), inter-island flights, ferry services, modern ports
- Communications: Advanced telecommunications, 73% internet penetration, comprehensive mobile coverage
- Energy: Fossil fuels 70%, Hydroelectric 20%, Solar 8%, Other renewables 2%
- Countries Using This Currency: French Pacific Territories
- Data Sources: Central Bank: IEOM (ieom.fr), Economic Data: ISPF (French Polynesia), ISEE (New Caledonia), local statistics, Trade Data: French customs services, Demographic Data: Territorial statistical institutes, Geographic Data: Météo-France Pacific services, Historical Data: IEOM archives
- Last Updated: 2025