Subsection 1: Circulation of the euro

In Guadeloupe, French Guiana, Martinique, Mayotte, Reunion Island, and the collectivities of Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, the monetary signs that are legal tender and in full discharge of their liabilities are those that are legal tender and in full discharge of their liabilities in mainland France. Banknotes are issued by the Banque de France under the conditions set out in Articles L. 122-1 and L. 141-5. Metallic coins are put…

The introduction of the euro in Saint-Barthélemy and Saint-Pierre-et-Miquelon shall not have the effect of modifying the terms of a legal instrument or of releasing or dispensing with its performance, nor shall it give a Party the right to modify or terminate such an instrument unilaterally. This provision shall apply without prejudice to what the parties have agreed.The replacement of the currency of each participating Member State by the euro…

The Governor of the Banque de France shall make applicable in Saint-Pierre-et-Miquelon the measures necessary for the performance of the tasks mentioned in Section 1 of Chapter I of Title IV of Book I of this Code, in particular those necessary for the functioning of Economic and Monetary Union, in such a way that these measures have the same effects in Saint-Pierre-et-Miquelon as in mainland France.The Governor’s decisions shall be…