Comptoirs Francais Du Pacifique Franc (XPF)

Comptoirs Francais Du Pacifique Franc (XPF) is the official currency used in the French Pacific Territories. It is commonly referred to as the Pacific Franc. The territories that use XPF include New Caledonia, French Polynesia, and Wallis and Futuna.

XPF is managed and regulated by the French Central Bank (Banque de France). It was introduced as the local currency in the French Pacific Territories in 1945, replacing the French Franc. The currency is pegged to the Euro at a fixed exchange rate of 1 Euro = 119.33 XPF.

The currency is issued in the form of banknotes and coins. The banknotes are available in denominations of 500, 1,000, 5,000, and 10,000 XPF, while the coins are available in denominations of 1, 2, 5, 10, 20, 50, and 100 XPF.

XPF is primarily used within the French Pacific Territories for local transactions, including everyday purchases, payments, and financial transactions. It is widely accepted by businesses, shops, and service providers in these territories.

The use of XPF is limited to the French Pacific Territories, and it is not a globally recognized currency. Therefore, it is not commonly used or accepted outside of these territories. Travelers visiting the French Pacific Territories will need to exchange their currency for XPF to make purchases and payments locally.

It’s important to note that the value of XPF is tied to the Euro, which means that its exchange rate can fluctuate with the Euro’s value. It’s advisable to check the current exchange rates before converting your currency to XPF.

In summary, Comptoirs Francais Du Pacifique Franc (XPF) is the official currency used in the French Pacific Territories, including New Caledonia, French Polynesia, and Wallis and Futuna. It is managed by the French Central Bank and has a fixed exchange rate with the Euro. XPF is primarily used for local transactions within the territories and is not widely accepted outside of this region.