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20.7.2011 Official
Journal
of
the
European
Union L
189/1
II
(Non-legislative acts)
INTERNATIONAL AGREEMENTS
COUNCIL DECISION
of 12 July 2011
on the signing and conclusion of the Monetary Agreement between the European Union and the
French Republic on keeping the euro in Saint-Barthélemy following the amendment of its status
with regard to the European Union
(2011/433/EU)
THE COUNCIL OF THE EUROPEAN UNION,
(3) On
13
April
2011
the
Council
authorised
the
Commission to negotiate with the French Republic,
acting for the benefit of the French overseas collectivity
Having regard to the Treaty on the Functioning of the European
of Saint-Barthélemy, and to fully associate the European
Union, and in particular Article 219(3) thereof,
Central Bank with the negotiations and to seek its
agreement on issues falling within its fields of
competence, with a view to concluding a monetary
agreement. On 30 May 2011, the Monetary Agreement
Having regard to the Council Decision of 13 April 2011 on the
between the European Union and the French Republic on
arrangements for the negotiation of a Monetary Agreement with
keeping the euro in Saint-Barthélemy following the
the French Republic, acting for the benefit of the French
amendment of its status with regard to the European
overseas collectivity of Saint-Barthélemy, and in particular
Union (‘the Agreement’) was initialled.
Article 4 thereof,
(4) The
Agreement
should
be
signed
and
concluded,
Having regard to the proposal from the European Commission,
HAS ADOPTED THIS DECISION:
Having regard to the opinion of the European Central Bank,
Whereas:
Article 1

1. The
Monetary
Agreement
between
the
European
Union
and the French Republic on keeping the euro in Saint-
(1) By
European
Council
Decision
2010/718/EU
of Barthélemy following the amendment of its status with regard
29 October 2010 amending the status with regard to
to the European Union (‘the Agreement’) is hereby approved on
the European Union of the island of Saint-Barthélemy (
behalf of the Union.

1 ),
the island of Saint-Barthélemy is to cease to be an
outermost region of the Union with effect from
1 January 2012 and is to have the status of an
2. The text of the Agreement is attached to this Decision.
overseas country or territory, as referred to in Part
Four of the Treaty, as from that date. The French
Republic has undertaken to conclude the agreements
necessary to ensure that the interests of the Union are
Article 2
preserved when this amendment takes place.
The President of the Council is hereby authorised to designate
the person(s) empowered to sign the Agreement to bind the
Union.
(2) The
French
Republic
has
informed
the
institutions
of
the
Union of its intention to retain the euro as the sole
currency in Saint-Barthélemy. A monetary agreement
should therefore be concluded.
Article 3
The President of the Council shall, on behalf of the Union, give
( 1 ) OJ L 325, 9.12.2010, p. 4.
the notification provided for in Article 11 of the Agreement.

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L 189/2
EN
Official Journal of the European Union
20.7.2011
Article 4
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 12 July 2011.
For the Council
The President
J. VINCENT-ROSTOWSKI

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