Certainly! Here is the complete financial report of Guadeloupe translated into International English:
Guadeloupe is a French overseas territory located in the Caribbean. As an overseas department and region of France, Guadeloupe uses the official French currency, the euro (EUR), since its introduction.
Current Official Currency: Euro (EUR)
ISO Code: EUR
Singular Name: euro
Plural Name: euros
Subdivision: 1 euro = 100 cents
Fraction Name (singular): cent
Fraction Name (plural): cents
Date Introduced in Guadeloupe: 1999 (electronic currency), coins and banknotes in circulation since 2002
Issuing Authority: European Central Bank (ECB), via the Bank of France
Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 euro; 2 euros
Banknote Denominations: 5, 10, 20, 50, 100, 200, 500 euros
Status: actively circulating currency
Before adopting the euro, Guadeloupe used the metropolitan French currency, the French franc (FRF).
French franc (FRF)
ISO Code: FRF
Singular Name: franc
Plural Name: francs
Subdivision: 1 franc = 100 cents
Fraction Name (singular): cent
Fraction Name (plural): cents
Period of Circulation in Guadeloupe: from the 19th century until 2002
Issuing Authority: Bank of France
Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 franc; 2 francs; 5 francs; 10 francs; 20 francs
Banknote Denominations: 10, 20, 50, 100, 200, 500, 1000, 5000 francs
Status: out of circulation since 2002
Prior to the French franc, during the colonial period, Guadeloupe used various French colonial currencies, including colonial francs and coins specific to the French colonies, all linked to the French monetary system.
As a French overseas department, Guadeloupe benefits from the monetary stability provided by the euro, managed by the European Central Bank. Guadeloupe’s economy is integrated with that of France and the European Union, ensuring a stable monetary environment with no significant local inflation related to currency.
Currency | ISO Code | Circulation Period | Current Status | Subdivision | Issuing Authority |
---|---|---|---|---|---|
Euro | EUR | Since 1999 (electronic), coins and banknotes since 2002 | In circulation | 1 euro = 100 cents | European Central Bank / Bank of France |
French franc | FRF | Until 2002 | Out of circulation | 1 franc = 100 cents | Bank of France |
Currently, Guadeloupe exclusively uses the euro as its official currency, with a monetary history closely tied to metropolitan France.