Data from the report on the Bank of France

The Banque de France, a sui generis institution with state-owned capital, is part of the Eurosystem. As such, it produces and puts into circulation the banknotes on the national territory, ensures the maintenance of fiat currency and guarantees the quality of its circulation. It holds the foreign exchange reserves of the State and ensures the proper functioning and security of the means of payment. It also carries out additional tasks of general interest on behalf of the State, in particular the handling of over-indebtedness cases, which partly explains the density of its network and the size of its workforce compared to its counterparts. Since 2011, the Bank has been implementing a transformation strategy for 2020 aimed at reorganising its network and reducing its workforce. However, there are still points of vigilance in the design of industrial tools, social expenditure, property management and patronage policy. The expected tightening of European monetary policy could also reduce the Bank’s financial outcome. In this context, a review of its economic and social tasks now appears necessary, in consultation with the State, and the Bank’s transformation will have to continue beyond 2020. Thus, if an important step has been taken at the end of the current strategic plan, the Bank must now prepare to intensify its transformation over the next decade. This report is available on [the Court’s website] (https://www.ccomptes.fr/fr/publications/la-banque-de-france-0). The published files correspond to the data used in the preparation of the report.