The Institut d’émission d’outre-mer has the exclusive right to issue banknotes and coins in New Caledonia, French Polynesia and the Wallis and Futuna Islands. These banknotes and coins are legal tender.The Institut d’émission d’outre-mer is responsible for the maintenance of these banknotes and coins and for ensuring the quality of their circulation throughout its area of operation.
Decisions concerning the creation, characteristics, withdrawal or cancellation of banknotes and coins issued by the Institut d’émission d’outre-mer are taken by the Supervisory Board.The Institut d’émission d’outre-mer pays the State the balance of banknotes and coins it has withdrawn from circulation and stripped of their legal tender status.
The Institut d’émission d’outre-mer carries out fund transfers between mainland France, New Caledonia, French Polynesia and the Wallis and Futuna Islands.
The Institut d’émission d’outre-mer may grant credit institutions and other market participants advances secured by appropriate collateral.
The Institut d’émission d’outre-mer opens current accounts with the French Treasury, credit institutions and post and telecommunications offices.The Supervisory Board may authorise any other body or person to open an account with the Institut.Accounts opened with credit institutions, post and telecommunications offices and the bodies and persons mentioned in the previous paragraphs may not be in debit.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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