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This 500 franc banknote was issued in 1985 by the Institut d'Émission d'Outre-Mer (IEOM), the institution responsible for managing fiduciary currency in French Polynesia. It belongs to series B3 and bears the name of the city of Papeete, the capital of the territory, in accordance with the issuance practices specific to French Pacific communities.
The CFP franc (franc of the French Pacific Colonies), used in French Polynesia, New Caledonia and Wallis-and-Futuna, is the official currency of these territories. This 500 CFP franc banknote represents an intermediate denomination within the fiduciary range in circulation at that time in the region.
Banknotes issued for French Polynesia by the IEOM during this period are generally distinguished by evocative representations of local culture, fauna and flora, as well as typical landscapes of the Polynesian archipelago. The graphic motifs reflect the cultural identity of the territory and allow for immediate identification of the geographical origin of the banknote.
The mention of Papeete on this banknote is characteristic of IEOM issues for French Polynesia, thereby differentiating these denominations from those intended for other territories using the CFP franc. Series B3 allows for precise identification of the issuance tranche to which this banknote belongs within the overall production of this denomination.
This type of banknote now represents a testimony to the monetary history of the French territories of the South Pacific during the 1980s, a period during which these issues were regularly renewed in order to maintain banknotes in good condition in circulation.
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