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Initially, notes of the Banque de la Réunion and the Colonial Treasury circulated alongside French currency. In 1896, coins were issued, followed by bank tokens in 1920. In 1945, the CFA franc was created and was adopted in Réunion, with distinct coins introduced in 1948.
Before 1890, the French franc and Canadian dollar both circulated on the islands. These were supplemented with local banknotes of the Banque des Îles Saint-Pierre-et-Miquelon from 1890. The exchange rate of 5.4 francs = 1 dollar was used on the island, although the exchange rate from the two gold standards was 5.1826 francs = 1 dollar.
The Réunion Film festival (festival du film de La Réunion) was created in 2005 and is chaired by Fabienne Redt. The festival presented first and second feature films by French directors. The 10th and last edition took place in 2014 in partnership mainly with the TEAT Champ Fleuri (Saint-Denis) and the city of Saint-Paul.
The French Constitution provides that, in general, French laws and regulations (France's civil code, penal code, administrative law, social laws, and tax laws etc.) apply to French overseas departments and regions the same way as in metropolitan France, but can be adapted as needed to suit the region's particular needs. Hence, the local ...
French colonial pound – French Guiana, Guadeloupe, Haiti, Martinique, Mauritius and Réunion; French pound – France; Gambian pound – The Gambia; Georgia pound – Georgia; Ghanaian pound – Ghana; Gibraltar pound – Gibraltar; Guadeloupe pound – Guadeloupe; Guernsey pound – Guernsey (not an independent currency) Haitian pound ...
After an initial period during which barter prevailed, the French livre began to circulate. In order to encourage coins into the colony, those circulating in New France were valued at a premium, creating a monnoye de pays (French monnaie de pays in Modern French) worth less than the French currency (monnoye de France, monnaie de France in Modern French).
The gap in Réunion between the well-off and the poor is large and accounts for persistent social tensions. [1] The outbreak of severe rioting in February 1991 illustrated the seriousness of socio-economic tensions. [2] In 2007 the GDP per capita of Réunion at nominal exchange rates, not at PPP, was €17,146 (US$23,501). [3]
The livre was the currency of various French colonies until the early 19th century. It was subdivided into 20 sous, each of 12 deniers.It was mostly issued in paper money form and was generally linked to the French livre at the rate of 1 + 1 ⁄ 2 colonial livres = 1 French livre.