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Clipperton Island
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Certainly! Here is the complete financial history report of Île de Clipperton in International English as requested:


Comprehensive Financial History Report of Île de Clipperton

Basic Information

  • Country ISO Code: None (unincorporated French overseas territory)

  • Official Language: French

  • Language ISO Code: fr

  • Current Official Currency: Euro

  • Currency ISO Code: EUR


Monetary History of Île de Clipperton

Île de Clipperton is an uninhabited atoll located in the Pacific Ocean, approximately 1300 km southwest of Mexico. It is a French possession, administered directly by the French Ministry of Overseas Territories since 2007.

Current Official Currency: Euro (EUR)

  • ISO Code: EUR

  • Singular Name: Euro

  • Plural Name: Euros

  • Monetary Subdivision: 1 Euro = 100 cents

  • Fraction Name (singular): Cent

  • Fraction Name (plural): Cents

  • Date of Introduction: January 1, 1999 (electronic currency), with banknotes and coins in circulation since 2002

  • Mint: Produced by various European mints, including the Monnaie de Paris (France)

  • Issuing Bank: 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

  • Designs / Symbols:

    • Coins feature a common European side and a French national side with symbols such as La Semeuse or Marianne.

    • Banknotes depict European architectural styles and bear signatures of the ECB president.

  • Current Circulation Status: Active; official currency used in all French territories including Île de Clipperton.


Historical Currencies and Context

Île de Clipperton has never had its own currency nor a permanent population. Its monetary history is tied to the colonial powers that administered it.

  • Before 1999:

    • As a French possession, the currency used was the French franc.

    • Prior to the euro, transactions were conducted in French francs.

  • No Own Currency Issuance:

    • No coins or banknotes specific to Île de Clipperton have ever been issued.

    • The territory relies entirely on official French and European currencies.


Economic Historical Context

  • Île de Clipperton is uninhabited and has no local economy.

  • Economic activity around the island is limited to fishing, notably tuna fishing, in its territorial waters.

  • French sovereignty was recognized in 1931 by international arbitration.

  • Administration is carried out by France without autonomous monetary presence.


Additional Information

  • Issuing Authority: European Central Bank via France.

  • Monetary Legislation: Subject to French and European monetary law.

  • Curiosities:

    • Île de Clipperton is one of the few French territories without population or its own currency.

    • The currency used reflects French and European sovereignty.

    • No commemorative coins or banknotes specific to the island exist.

  • Signatures on Banknotes: President and Director General of the ECB.

  • Symbols Honored: Classic European figures and French national symbols.


Summary Table

CurrencyISO CodeStatusCirculation PeriodIssuing BankMain Denominations
Euro EUR Active Since 1999 (banknotes since 2002) European Central Bank Coins: 1c, 2c, 5c, 10c, 20c, 50c, 1€, 2€
Banknotes: 5€, 10€, 20€, 50€, 100€, 200€, 500€
French franc FRF Withdrawn Until 2002 Banque de France Coins and banknotes in French francs
 

This report provides a complete monetary history of Île de Clipperton, which, as an uninhabited French territory, uses exclusively the euro as its official currency, without any own currency issuance or specific historical currency.


 


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