½ Poe rava Aratua

The CFP franc system, under which this piece circulates, was established in 1945 when France created separate currency zones for its Pacific territories to insulate them from postwar European monetary instability. The arrangement has outlasted every major overhaul of the French monetary system, surviving the franc's replacement by the euro on the mainland while the Pacific territories retained their own pegged currency — an outcome that was largely accidental, driven more by bureaucratic inertia than deliberate policy.