Article L111-1 of the French Monetary and Financial Code
November 8, 2023
France’s currency is the euro. One euro is divided into one hundred centimes.
France’s currency is the euro. One euro is divided into one hundred centimes.
Subject to the provisions of the first paragraph of article L. 112-2 and articles L. 112-3, L. 112-3-1 and L. 112-4, automatic indexation of the prices of goods or services is prohibited. Any clause in a successively executed contract, and in particular leases and rentals of any kind, providing for a period of variation in the index greater than the period elapsing between each revision is deemed to be unwritten….
Any clause providing for indexation based on the minimum growth wage, on the general level of prices or wages or on the prices of goods, products or services not directly related to the purpose of the statute or agreement or to the activity of one of the parties is prohibited in the provisions of the statutes or agreements. Any clause providing for indexation to the change in the national construction…
By way of derogation from the provisions of article L. 112-1 and the first and second paragraphs of article L. 112-2 and in accordance with procedures defined by decree, the following may be indexed to the general price level: 1° (Repealed) ; 2° Livret A passbook accounts as defined in article L. 221-1 ; 3° Popular savings passbook accounts defined in article L. 221-13; 4° Sustainable and socially responsible development…
Notwithstanding any legislative provision to the contrary, the indexation of debt securities and financial contracts mentioned respectively in 2 of II and III of article L. 211-1 is unrestricted.
Indexation of the minimum growth wage is authorised in accordance with the rules set out in Articles L. 3231-4 and L. 3231-5 of the French Labour Code.
If payment is made in notes and coins, it is the debtor’s responsibility to make up the difference.
Notwithstanding the first paragraph of Article 1343-3 of the Civil Code, payment may be made in another currency if the obligation thus denominated arises from a forward financial instrument or a spot foreign exchange transaction.
I. – No payment may be made in cash or by electronic money in respect of a debt in excess of an amount set by decree, taking into account the debtor’s place of residence for tax purposes, whether or not the transaction is for business purposes and the person for whose benefit the payment is made. Above a monthly amount set by decree, the payment of salaries and wages is…
Professionals who, by electronic means, provide a reservation or rental service or put people in touch with each other with a view to renting accommodation located in France may not make any payment to the lessor by means of a monetary value stored in electronic form and usable by means of a physical medium within the meaning of article L. 315-9 of this code.
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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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