Facts About France Bank of France

Bank of France or Banque De France is the Central Bank of France, which is linked to the European Central Bank (ECB). Established 18 January, 1800, Bank of France has its headquarters in Paris and in 1998, it entered the European System of Central Bank (ESCB), which is an institutional framework for a single monetary policy of Euro, the currency of France as well as many European countries. ESCB is composed of National Central Banks of all the member nations of European Union.





The present Governor of Bank of France is Christian Noyer, who is also the Chairman of the General Council, and he is assisted by two Deputy Governors. Bank of France has several branch offices spread all over the France and most of the metropolitan cities. In 1993, Bank of France was granted autonomy and independence to ensure the stability of the monetary policy without any interference from the government and by relieving it from short term considerations, thereby increasing its credibility.