Timeline

• 1860-1910
• Gradual introduction of French coinage:
  - 31.03.1867: Governor's resolution on the legal tender status of the French 5 Francs in silver at par with the Spanish Dollar; effective immediately
  - 24.10.1879: Ordinance, allowed only French coinage for payments to government instances; effective 01.01.1880
  - 03.06.1882: Governor's decree on the full legal tender status of all Frnech coins; effective immediately
  - 17.01.1908: Ordinance on the demonetization of Chilean and Peruvian silver coins; effective ??.??.1908
  - 06.06.1908: Ordinance on the demonetization of all foreign coinage; effective ??.??.1908.

Timeline

• 05.12.1905
• Start of business of the Bank of Indochina in Tahiti
  - 01.09.1910: Start of paper money issuance by the Bank of Indochina
• 1913-1920
• Operation of the Bank André Krajewski:
  - Around 1913, establishment of the bank and trading house in Papeete by André Krajewski and Allgoewer
  - 1914-1919: Closure of the business during World War I
  - Around 1919: Reopening of the bank by Krajewski alone; the bank produced paper money of 2, 1, ½, ¼ Francs, which was not recognized as legal tender and therefore not issued
  - Around 1920: Termination of the business of the bank.
• 1918-1920
• Shortage of subsidiary coinage:
  - 29.12.1919: Ordinance on the issuance of paper money by the Chamber of Commerce (denominations of 2, 1, ½, ¼ Francs); effective immediately.
• 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.
• 1941-1942
• Shortage of subsidiary coinage:
  - 18.11.1941: Ordinance on the issuance of paper money by the Treasury (denominations of 2, 1 Francs); effective immediately
  - 07.04.1942: Ordinance on the issuance of paper money by the Treasury (denominations of 2, 1, ½ Francs); effective immediately.

Valuation Regimes

• 1910-1941
• Identical to the French Franc (1795), the convertibility of the French Oceanian 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. 49-858] on the issuance of subsidiary coins to the CFP Franc for French Oceania; effective immediately
  - July 1949: Start of issuance of French Oceanian subsidiary coins of 5, 2, 1, ½ CFP Francs
  - ?? 1965: Start of issuance of French Polynesian subsidiary coins of 5, 2, 1, ½ CFP Francs
  - March 1968: Start of issuance of French Polynesian 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 French Polynesian 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).