14 Jan 2005

Most Tahiti companies favour euro - study

11:18 am on 14 January 2005

A Chamber of Commerce study in French Polynesia has found that 70 per cent of Tahiti's companies favor switching the local currency from French Pacific francs to the euro.

The Tahitipresse news agency reports the main reasons are fast and less expensive transactions and greater stability with a stronger currency.

The study results were revealed this week when the French Polynesia government's 15-member advisory committee met to study the consequences of switching to the euro.

The advisory committee will meet again next month.