Complete Financial Report of Saint-Pierre-et-Miquelon

Basic Information

• Territory ISO Code: PM

• Official Language: French

• Language ISO Code: fr

• Current Official Currency: Euro (EUR)

• Currency ISO Code: EUR

Monetary History and Currencies in Circulation

1. Euro (EUR) – Current Official Currency

• ISO Code: EUR

• Symbols: €

• Singular Name: euro

• Plural Name: euros

• Monetary Subdivision: 1 euro = 100 cents

• Fraction Name (singular): cent

• Fraction Name (plural): cents

• Initial Production Date: 1999 (book money), 2002 (physical currency)

• Final Production Date: ongoing

• Initial Circulation Date in Saint-Pierre-et-Miquelon: 1999 (book money), 2002 (physical currency)

• Final Circulation Date: currently in circulation

• Mint: Various European mints, including Monnaie de Paris

• Issuing Authority: European Central Bank (ECB)

• Coin Denominations: 1, 2, 5, 10, 20, 50 cents, 1 and 2 euros

• Banknote Denominations: 5, 10, 20, 50, 100, 200, 500 euros

• Historical Context:

  • The euro replaced the French franc as the official currency in 1999 (book money) and 2002 (physical currency).

  • Saint-Pierre-et-Miquelon, although an overseas collectivity of France and not part of the European Union, uses the euro to facilitate economic relations with metropolitan France and Europe.

• Current Status: active and sole currency in circulation.

2. French Franc (FRF) – Historical Currency

• ISO Code: FRF

• Circulation Period: until 1999 (book money), 2002 (physical currency)

• Status: out of circulation

• Subdivision: 1 franc = 100 centimes

• Context: official currency during the colonial period and until the adoption of the euro.

3. CFA Franc (XOF) – Historical Currency

• Period of Use: until 1973

• Context: used in French overseas territories before reverting to the French franc.

Economic and Monetary Context

• Saint-Pierre-et-Miquelon is a French overseas collectivity located in the North Atlantic near the Canadian coast.

• The population is approximately 6,000, predominantly French-speaking.

• The local economy is based on fishing, tourism, and administrative services.

• The use of the euro facilitates trade and financial relations with metropolitan France and the European Union.

• Although not part of the EU, the inhabitants are European citizens.

Additional Information

• Monetary Legislation: French laws apply directly, except for specific territorial exceptions.

• Mint: Euro coins and banknotes are produced by European mints, mainly Monnaie de Paris.

• Designs and Symbols: Coins feature the common European side and the French national side.

• Curiosities: Saint-Pierre-et-Miquelon occasionally issues limited-edition commemorative euro coins.

Summary Table

This report is prepared in French, the official language of Saint-Pierre-et-Miquelon, based on official and up-to-date sources.