500 Francs

The Institut d'Émission d'Outre-Mer was established in 1966 to manage currency for France's remaining Pacific territories — New Caledonia, French Polynesia, and Wallis and Futuna — after the dissolution of older colonial monetary arrangements. This note circulated across all three territories simultaneously, an unusual arrangement given how geographically dispersed and economically distinct those islands are from one another.

The CFP franc, pegged first to the French franc and later to the euro at a fixed rate of 119.3317 CFP per euro, meant the IEOM had no independent monetary policy to exercise — the Banque de France handled production, and Paris set the rate.