Open AccessLa Polynésie Française et l'Euro
Author(s) -
Vincent Dropsy
Publication year - 2007
Publication title -
victoria university of wellington law review
Language(s) - English
Resource type - Journals
eISSN - 1179-3082
pISSN - 1171-042X
DOI - 10.26686/vuwlr.v38i1.5652
Subject(s) - currency , politics , publishing , economy , political science , economic history , economics , welfare economics , monetary economics , law
The legal status of French Polynesia has important implications for the local economy, in particular for its currency, the CFP franc. A resolution passed on January 19, 2006 by the Assembly of French Polynesia shows the political will to replace this currency by the euro. This article explains the institutional procedures necessary for a possible switch to the euro in French Polynesia, and analyses its economic advantages and drawbacks.The conclusion is that entering the euro zone would be in the best interests of French Polynesia.