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Article L518-1 of the French Monetary and Financial Code

The following are not subject to the provisions of Chapters I to VII of this Title: the French Treasury, the Banque de France, La Poste, under the conditions defined in Article L. 518-25, the Institut d’émission des départements d’outre-mer, the Institut d’émission d’outre-mer and the Caisse des dépôts et consignations. These institutions and departments may carry out the banking transactions provided for by the laws and regulations governing them. The…

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