[2] It is managed jointly with the Institut d'Émission d'Outre-Mer (IEOM), which is still a bank of issue and serves the French Pacific territories.
The IEDOM was spun off from the CCCE in January 1959 to serve Guadeloupe, Guyana, Martinique, and Réunion, still issuing CFA francs in the latter.
Since September 2006, IEDOM and IEOM have shared a single headquarters (siège) in Paris, with integrated management of common functional areas.
In order to preserve its personnel policies that favor hiring locals in the relevant territories,[6] IEDOM was not fully merged into the Bank of France but instead was purchased by the Bank of France and transformed into a fully-owned joint-stock company (French: société par actions simplifiée).
This change was endorsed by the European Central Bank as further aligning the French framework with monetary policy independence,[7] and became effective on 1 January 2017.