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| 正面描述 | Portrait vignette of René-Émile Bossière (1857–1941), French adventurer and businessman, central to the Kerguelen Islands concession. The volcanic peak known as le Doigt de Sainte-Anne (le Pain de Sucre) appears in the background landscape, referencing the Bossière brothers' company holdings until 1911. Date 2-JAN-2012 appears at lower right. |
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| 正面铭文 | 200 FRANCS Archipel des Kerguelen RENÉ BOSSIERE LA COMPAGNIE DES ILES KERGUELEN DEUX CENTS LE DOIGT 2-JAN-2012 |
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Kerguelen has no permanent civilian population and no functioning economy — these notes were never legal tender in any conventional sense. Issued under the authority of the French Southern and Antarctic Lands administration, they circulate almost exclusively among collectors and were sold directly to philatelic and numismatic buyers rather than disbursed through any banking channel.
The polymer substrate is an unusual choice for a territory that issues perhaps a few thousand pieces per print run, suggesting the decision was driven by novelty and collector appeal rather than durability requirements. French overseas territories with actual circulating needs — Polynesia, New Caledonia — use CFP franc notes produced through the Institut d'émission d'outre-mer. Kerguelen has no such infrastructure.
The "Kerguelenois" denomination exists nowhere in any monetary system.