Ordinance [No. 45-0136] on the creation of two colonial currencies for Africa ("Franc des colonies françaises d'Afrique - Franc C.F.A.") and the Pacific ("Franc des colonies françaises du Pacific - Franc C.F.P.") and on their valuation against the French Franc; effective immediately - The money circulating in Saint-Pierre and Miquelon got rated at par with the Franc CFA.
25.01.1948
Ordinance [No. 48-128] on the revaluation of the Franc CFP against the French Franc; effective immediately
25.09.1948
Law [No. 48-1482] on the establishment of the Indochina Currency Institute as successor of the Bank of Indochina, which had renounced to its issuing privilege in an agreement of 10.07.1947 (expiry would have been 31.03.1956); effective immediately - The Bank ov Indochina remained acting currency institute and its paper money maintained unlimited legal tender status - The Indochina Currency Institute was never created.
22.06.1949
Ordinance [No. 49-813] on the issuance of subsidiary coins for New Caledonia; effective immediately
22.06.1949
Ordinance [No. 49-858] on the issuance of subsidiary coins for French Oceania; effective immediately
22.12.1966
French financial law [No. 66-948], §30 limited the tenure of the Bank of Indochina as acting monetary institute to 30.06.1967 latest; effective 31.12.1966
30.03.1967
Ordinance [No. 67-267] on the establishment of the French Overseas Currency Institute for the Pacific overseas territories (French Polynesia, New Caledonia, Wallis & Futuna); effective 01.04.1967
25.10.1967
Resolution of the Currency Institute on the creation of paper money to the CFP Franc (and coins which were not mentioned); 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 distinct sets of 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 distinct subsidiary coins (originally foreseen for 30.05.2022).
16.12.1998
Ordinance [No. 98-1152] on the exchange rate of the CFP Franc against the Euro; effective 01.01.1999
Valuation Regimes
1945-1949
Fixed rate against British Pound, did not follow the devaluations of the French Franc
1949-1958
Fixed rate against French Franc (1795)
1958-1998
Fixed rate against French Franc (1958)
1999-
Fixed rate against European Euro
Rate Arrangements
26.12.1945
Fixed
British Pound at 1 : 200 - French Franc (1795) at 2.40 : 1
-
26.01.1948
Fixed
British Pound at 1 : 200 - French Franc (1795) at 4.32 : 1
±0.0%
18.10.1948
Fixed
British Pound at 1 : 200 - French Franc (1795) at 5.31 : 1
±0.0%
27.04.1949
Fixed
British Pound at 1 : 200 - French Franc (1795) at 5.48 : 1