Timeline

• 07.02.1872
• Contract between the French Naval Office and André Marchand establishing the charter of the New Caledonia Company, which comprised the privilege for issuing paper money; effective upon constitution on 05.08.1872
• 01.07.1873
• Start of paper money issuance by the New Caledonia Company (in denominations of 20, 5 Francs)
• 14.07.1874
• French decree on split of the New Caledonia Company into the "Bank of New Caledonia" for financing business including issuing privilege for paper money, and the "Property Company (Société Foncière)" for exploitation business; effective 05.10.1874
• 25.01.1875
• Start of paper money issuance by the Bank of New Caledonia (in denominations of 500, 100, 20, 5 Francs)
• 16.10.1877
• Default of the Bank of New Caledonia:
  - 07.01.1878: Ordinance on the invalidation without compensation of the notes of the Bank of New Caledonia; effective immediately
  - 29.06.1878: Ordinance on the formal revocation of the issuance privilege (no money had been issued after the default)
  - 27.11.1878: Liquidation of the bank.
• 17.09.1888
• Start of business of the Bank of Indochina in New Caledonia
  - 15.01.1895: Start of paper money issuance by the Bank of Indochina
• 1918-1920
• Shortage of subsidiary coinage:
  - 18.11.1918: Ordinance on the issuance of paper money by the Treasury (denominations of 2, 1, ½ Francs); effective immediately
  - 23.07.1920: Ordinance on the issuance of postage stamp card money by the Treasury (denominationsof 2, 1, ½, ¼ Francs); effective immediately
  - 14.10.1921: Ordinance, extending the 1920 ordinance on postage stamp card money; effective immediately
  - around 1922: Issuance of encapsulated postage stamps by the Bank of Indochina (denominations of 50, 25 Cents).
• 19.03.1941
• Monetary agreement between Great Britain and the French government-in-exile to stabilize the exchange rate of the French Franc rate at pre-war level for the territories under control of the "France Libre"; effective immediately.
  - 08.02.1944: Monetary agreement between Great Britain and the French government-in-exile, adjusted the 1941 exchange rate; effective immediately.

Valuation Regimes

• 1873-1941
• Identical to the French Franc (1795), the convertibility of the New Caledonian paper money was limited
• 1941-1945
• Fixed rate against British Pound (the Pacific colonies decoupled from the monetary system of occupied mainland France)

Timeline

• 26.12.1945
• Decoupling of the currencies of New Caledonia and French Oceania (Polynesia) from the French Franc and creation of the French Pacific CFP Franc
• 22.06.1949
• Ordinance [No. 49-813] on the issuance of subsidiary coins to the CFP Franc for New Caledonia; effective immediately
  - July 1949: Start of issuance of New Caledonian subsidiary coins of 5, 2, 1, ½ CFP Francs
  - November 1967: Start of issuance of New Caledonian subsidiary coins of 50, 20, 10 CFP Francs.
• 01.04.1967
• Start of operations of the French Overseas Currency Institute
• 25.10.1967
• Resolution of the Currency Institute on the creation of paper money to the CFP Franc; issuance began in April 1969.
• 26.03.1971
• Ordinance [No. 71-229] on the issuance of subsidiary coins for New Caledonia (including Wallis & Futuna) and French Polynesia by the Currency Institute; effective immediately
  - January 1972 (?): Start of issuance of New Caledonian subsidiary coins in the name of the Overseas Currency Institute
  - 01.09.2021: Start of issuance of common subsidiary coins to the CFP Franc
  - 30.11.2022: Demonetization of the New Caledonian subsidiary coins (originally foreseen for 30.05.2022).