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The franc was the currency used in the building Anglo-French group of islands in the South Pacific New Hebrides (which in 1980 gave birth to the nation of Vanuatu). Circulated along with the English currency and, later, to that of Australia. The New Hebrides franc was nominally divided into 100 centimes, although the smallest denomination was of 1 franc. Between 1945 and 1969 took part in the CFP franc.

HistoryEdit

Up to World War II, the New Hebrides used the French franc, the pound sterling and the Australian pound. In 1941 the forces of Free France movement introduced paper money to circulate on the New Hebrides. In 1945, the CFP franc was introduced in order to isolate the French colonies in the Pacific by the devaluation of the French franc, the New Hebrides used a combination of the New Caledonian franc coins. In 1949 the relationship between the French franc and franc CFP stabilized at 5.5 FRF for one franc. Since 1959 the exchange rate with the Australian pound was almost exactly equal to FRF 200 for a pound. In 1966, the introduction of the Australian dollar, this ratio was 100 francs for a dollar. The Australian dollar circulated together with the local currency. Since 1966, coins were minted with the name of the New Hebrides. In 1969 the French New Hebrides became independent of the CFP franc and maintained the relationship with the Australian dollar exchange rate of 100 francs to the dollar until 1973. In 1982, the franc was replaced at par by vatu following independence as Vanuatu.

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