Guadeloupe
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Complete Financial History of Guadeloupe
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.
Monetary History of Guadeloupe
Currencies in Circulation
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Current Official Currency: Euro (EUR)
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ISO Code: EUR
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Singular Name: euro
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Plural Name: euros
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Subdivision: 1 euro = 100 cents
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Fraction Name (singular): cent
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Fraction Name (plural): cents
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Date Introduced in Guadeloupe: 1999 (electronic currency), coins and banknotes in circulation since 2002
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Issuing Authority: European Central Bank (ECB), via the Bank of France
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Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 euro; 2 euros
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Banknote Denominations: 5, 10, 20, 50, 100, 200, 500 euros
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Status: actively circulating currency
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Previous Currencies
Before adopting the euro, Guadeloupe used the metropolitan French currency, the French franc (FRF).
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French franc (FRF)
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ISO Code: FRF
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Singular Name: franc
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Plural Name: francs
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Subdivision: 1 franc = 100 cents
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Fraction Name (singular): cent
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Fraction Name (plural): cents
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Period of Circulation in Guadeloupe: from the 19th century until 2002
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Issuing Authority: Bank of France
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Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 franc; 2 francs; 5 francs; 10 francs; 20 francs
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Banknote Denominations: 10, 20, 50, 100, 200, 500, 1000, 5000 francs
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Status: out of circulation since 2002
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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.
Economic and Monetary Context
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.
Summary Table
| 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.
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