New Hebridean Franc
| New Hebridean Franc | |
|---|---|
 |
|
| Country: | New Hebrides Condominium |
| Subdivision: | 100 centimes |
| ISO 4217 code : | NHF |
| Abbreviation: | F, Fr |
|
Exchange rate : (March 1979) |
1 F = 0.0269 DM |
The New Hebridean Franc is the former currency unit of the New Hebrides Condominium and Vanuatu's first currency for the first two years of independence . It is divided into 100 centimes and has the ISO 4217 code NHF. In March 1982 the Franc was replaced by the Vatu in a ratio of 1: 1 .
history
In the British-French New Hebrides condominium, the pound sterling and the French franc were legal tender on an equal footing until 1938 . From 1938, the Banque de l'Indochine was commissioned to issue a new currency to replace the French franc. In the same year the first 500-franc banknote was issued, which was followed in 1941 by other banknotes of 5, 20, 100 and 1000 francs. As a result of the Second World War , the supply of cash was interrupted from the end of 1941. After the French resident joined Free France and founded the Services Nationaux Français des Nouvelles Hébrides as a provisional financial institution, in 1943 he initiated the issue of an emergency issue with banknotes of 5, 20, 100, 500 and 1000 New Hebridean francs.
After the Second World War, the currency system of the French colonies was reorganized. The Banque de l'Indochine issued new banknotes from 1945 to 1947, some of which corresponded to the pre-war design, but from 1948 the CFP franc was used in the New Hebrides.
From 1965, the Institut d'Emission d'Outre-Mer again issued banknotes of 100, 500 and 1000 New Hebridean francs; the link to the CFP franc was not formally canceled until 1969. Instead, there was a fixed link to the Australian dollar (at a ratio of CHF 100 = 1 dollar) until 1973 , which had replaced the pound sterling as a second currency since the end of World War II. Between 1966 and 1972, seven different coins were minted with a value from 1 to 100 francs, which circulated until 1983.
Individual evidence
- ^ Fischer Weltalmanach 1980, column 173, ISBN 3-596-19080-0
- ^ HA Shannon: The modern Colonial Sterling exchange standard. Staff papers, International Monetary Fund, 1952, 318ff.
Web links
- Vanuatu's Brief Monetary History , accessed October 4, 2012
- Images of the banknotes , accessed June 30, 2010
- Images of the coins , accessed July 2, 2010