About the CFP Franc
The CFP Franc (Franc of the Pacific French Communities) was created in 1945. It was initially pegged to the French Franc and has been pegged to the Euro since 1999.
CFP originally stood for 'Colonies Françaises du Pacifique'. It was later changed to 'Communauté Financière du Pacifique' and then 'Change Franc Pacifique'.
Interesting Facts
Pegged to the Euro
The CFP Franc is pegged to the Euro at a fixed rate (1 EUR = 119.3317 XPF), providing monetary stability for its member territories.
Regional Currency
It is the common currency for the French overseas collectivities of French Polynesia, New Caledonia, and Wallis and Futuna.
A Legacy of France
The CFP Franc is a legacy of France's colonial presence in the Pacific, maintaining strong economic and monetary ties with France and the Eurozone.
Historical Timeline
The CFP Franc is created.
The CFP Franc's peg is transferred from the French Franc to the Euro.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- XPF
- Symbol
- ₣
- Numeric Code
- 953
- Subunit
- Centime (1/100)
- Introduced
- 1945-12-26
Central Bank
- Name
- Institut d'émission d'Outre-Mer
- Headquarters
- Paris, France (with local agencies)
- Founded
- 1966
- Current Governor
- Hervé Gonsard (Director General) (since 2023)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 1.3%
- Interest Rate
- 4.50%
Exchange Rates
Used In
What Affects the XPF Exchange Rate?
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