The CFP Franc (Franc des Colonies Françaises du Pacifique) was introduced in 1945 to stabilize the economy of the French Pacific territories. The name “franc” originates from medieval France, when in 1360 King John II the Good issued the first coin called franc, symbolizing his liberation (“franc” = free).
1 CFP Franc is divided into 100 centimes. The word “centime” comes from the Latin “centum,” meaning “hundred.”
