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CFP Franc
The CFP franc (French language, French: , called the ''franc'' in everyday use) is the currency used in the France, French overseas collectivity, overseas collectivities (, or COM) of French Polynesia, New Caledonia, and Wallis and Futuna. The initials ''CFP'' originally stood for () but since 2022 is officially (). Its ISO 4217 currency code is ''XPF''. The CFP franc is subdivided into 100 centimes, although there are no centime denominations. The currency is issued by ''Institut d'émission d'outre-mer'' (IEOM). History 1945–1949 The CFP franc was created in December 1945, together with the CFA franc, used in Africa, because of the weakness of the French franc immediately after the World War II, Second World War. When France ratified the Bretton Woods system, Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the United States dollar, US dollar. New currencies were created in the French colonies to spare ...
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Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ...
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René Pleven
René Jean Pleven (; 15 April 190113 January 1993) was a notable political figure of the French Resistance and Fourth Republic. An early associate of Jean Monnet then member of the Free French led by Charles de Gaulle, he took a leading role in colonial and financial matters including the Gaullist takeover of French Equatorial Africa in 1940, the creation of the Caisse Centrale de la France Libre in 1941, the Brazzaville Conference in 1944, and the nationalization of the largest French banks in 1945. In 1946, Pleven broke with De Gaulle and helped found the Democratic and Socialist Union of the Resistance (UDSR), a political party that was meant to be a successor to the wartime Resistance movement. He served as prime minister twice in the early 1950s and is remembered for the Pleven Plan for a European Defence Community, which he proposed in October 1950 in coordination with Monnet. Early life René Pleven was born in Rennes on 15 April 1901 as the son of a commissioned ...
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Euro Coins
There are eight euro coin denominations, ranging from one cent to two euro (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common Obverse and reverse, reverse, portraying a map of Europe, but each country in the eurozone has its own design on the Obverse and reverse, obverse, which means that each coin has a variety of different designs in circulation at once. Four European microstates that are not members of the European Union (Andorra, Monaco, San Marino, and Vatican City) use the euro as their currency and also have the right to mint coins with their own designs on the obverse side. The coins, and various €2 commemorative coins, commemorative coins, are minted at numerous national mints across the eurozone to strict national quotas. Not every eurozone member state has its own mint. Obverse designs are chosen nationally, while the reverse and the currency as a whole is managed by the European Central Bank (ECB). History The e ...
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