CFP franc

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/cfp-franc

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What money is used in CFP franc?XPF
2. Who wrote CFP franc?Institut d'émission d'outre-mer (IEOM)
3. What is the historical context of initials?CFP originally stood for 'colonies françaises du Pacifique'
4. What is the modern interpretation of initials?Since 2022, CFP officially stands for 'Collectivités françaises du Pacifique'
5. Which islands use the CFP franc?The CFP franc is used in French Polynesia, New Caledonia, and Wallis and Futuna. These islands are far from each other across the Pacific Ocean.
6. Why does the CFP franc have no centime coins?Even though the CFP franc is divided into 100 centimes, no centime coins are made. This means people usually pay in whole francs, which makes counting money easier.

Overseas Collectivities (COM): French overseas territories with a degree of autonomy, part of the French Republic.
Pegged Exchange Rate: A currency's exchange rate that is fixed against another currency or a basket of currencies.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.