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Amounts can be entered with a comma or dot to separate the decimal part. The CFP franc was created in December 1945, together with the CFA franc, used in Africa. The reason for the creation of these francs was the weakness of the French franc immediately after the Second World War. The IEOM has its headquarters in Paris. The currency was initially issued in three distinct forms for French Polynesia, New Caledonia and the New Hebrides. In 1969, the New Hebrides franc was separated from the CFP franc and was replaced by the Vanuatu vatu in 1982.
1 October 1986, was the first one that was not overprinted with a city name. The 500 franc banknote, issued in 1992, and the 1000 and 5000 franc banknotes, issued in 1995, are also without the overprint. The designs of the 500, 1000, 5000 franc banknotes did not change till 2014, when new designs and sizes were introduced. Today, all banknotes are strictly identical from New Caledonia to French Polynesia. One side of the banknotes shows landscapes or historical figures of French Polynesia, while the other side of the banknotes shows landscapes or historical figures of New Caledonia.
The coins are still separated in two sets: one side of the coins is identical from New Caledonia to French Polynesia, while the other side of the coins is inscribed with the name Nouvelle-Calédonie in New Caledonia and in Wallis and Futuna, and with the name Polynésie française in French Polynesia. Both sets of coins can be used in all three French territories. Non-fixed exchange rate with the French franc, which devalues 4 times vs. January 1, 1999: euro replaced FRF at the rate of 6. The coins have been separated in two types: the obverses are identical, whilst the reverses are distinct.