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Article R721-17 of the French Monetary and Financial Code

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The Institut d’émission d’outre-mer pays the State the balance of banknotes and coins it has withdrawn from circulation and stripped of their legal tender status.

Original in French 🇫🇷
Article R721-17


Les décisions concernant la création des billets et des monnaies métalliques de l’Institut d’émission d’outre-mer, leurs caractéristiques, leur retrait ou leur annulation sont de la compétence du conseil de surveillance.
L’Institut d’émission d’outre-mer verse à l’Etat le solde non présenté à ses guichets des billets et pièces qu’il a retirés de la circulation et privés du cours légal.

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