Local currency: the CFP franc (XPF)
New Caledonia requires an understanding of the local currency and currency conversion methods. The CFP franc (XPF) is the official currency. Also known as CFP for Communauté Française du Pacifique, this currency is also used by other Pacific territories such as French Polynesia and Wallis and Futuna. The use of this common currency facilitates economic exchanges in the region. The coins in circulation in New Caledonia include several denominations. Since 2021, the 1-, 2- and 5-franc coins have disappeared leaving only the 10-, 20-, 50- and 100-franc coins, together with the 200-franc coin that has been introduced. Banknotes are available in denominations of 500, 1,000, 5,000 and 10,000 XPF.