Institut d'Émission des Départements d'Outre-Mer

Not to be confused with Institut d'Émission d'Outre-Mer.

The Institut d'Émission des Départements d'Outre-Mer (IEDOM, lit. 'Institution of Issue for Overseas Departments') is a French public bank of issue that serves overseas departments and overseas communities, namely Guadeloupe, Guyana, Martinique, Mayotte, Réunion, and Saint-Pierre-et-Miquelon. The applicable regulations stipulate that the IEDOM acts "in the name, on behalf of and under the authority of the Bank of France."

Overview

Before World War II, monetary issuance in France's overseas territories was carried out by chartered private banks, namely the Banque de la Guadeloupe in Pointe-à-Pitre, Banque de la Guyane in Cayenne, Banque de la Martinique in Fort-de-France, and Banque de la Réunion in Saint-Denis. They were substituted in the 1940s by the Caisse Centrale de la France Libre, renamed Caisse Centrale de la France d'Outre-Mer in 1944 and Caisse Centrale de Coopération Économique in 1958, which issued French francs in Guadeloupe, Guyana and Martinique, and CFA francs in Réunion and also in Saint-Pierre-et-Miquelon.

The IEDOM was established in 1959 to serve Guadeloupe, Guyana, Martinique, and Réunion, still issuing CFA francs in the latter. In 1 January 1975, the French franc replaced the CFA franc in Réunion. IEDOM subsequently extended its scope of activity to Saint-Pierre-et-Miquelon in 1978, and Mayotte in 1999.

In 2016, new legislation transformed the IEDOM into a joint-stock company (French: société par actions simplifiée) fully owned by the Bank of France.

The chief executive (French: président) of IEDOM is appointed by the governor of the Bank of France.

Leadership

Ivan Odonnat, an official from the Bank of France, was appointed chief executive of the IEDOM in April 2023, replacing e Marie-Anne Poussin-Delmas.

See also

• List of central banks