Home› Europe› European Central Bank› Decision (EU) 2024/3127 of the European Central Bank of 26 N...
Date: 13-Dec-2024 Category: Not Applicable State: Union Government Country: Europe

Decision (EU) 2024/3127 of the European Central Bank of 26 November 2024 on the approval of the volume of coin issuance in 2025 (ECB/2024/38)

Issued by European Central Bank · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The European Central Bank (ECB) has approved the volume of euro coins to be issued by the Euro Area Member States in 2025. This decision outlines the specific amounts of circulation coins and collector coins each member state is authorized to issue.

Key Changes

  • The ECB approved the coin issuance volumes requested by the 20 Euro Area Member States for 2025.
  • The total approved volume of euro coin issuance for 2025 is EUR 2,166.42 million, comprising EUR 1,723.37 million in circulation coins and EUR 443.05 million in collector coins.
  • Germany has the largest approved volume at EUR 479.00 million, while Cyprus has the smallest at EUR 6.31 million.
  • The volumes approved by the ECB may not be exceeded by the euro area Member States at any time during the year 2025 without prior approval by the ECB.
  • This decision is based on Article 2(9) of Decision (EU) 2015/2332 (ECB/2015/43), as no modifications to the requested volumes were required.

Impact Analysis

Financial Institutions

  • Impact: Financial institutions will handle the distribution of newly issued coins.

General Public

  • Action Items: None.

Euro Area Member States

  • Action Items: Member states must adhere to the approved volumes for coin issuance in 2025. Any deviation requires prior approval from the ECB. Member states should review their internal processes to ensure compliance with the decision.

European Central Bank (ECB)

  • Action Items: The ECB will monitor coin issuance by member states throughout 2025 to ensure compliance with the approved volumes.

Key Entities Referenced

European Central Bank (ECB): The central bank of the Eurozone, responsible for monetary policy and the approval of euro coin issuance. Euro Area Member States: The 20 Member States of the European Union whose currency is the euro. Decision (EU) 2015/2332 (ECB/2015/43): Decision of the European Central Bank of 4 December 2015 on the procedural framework for the approval of the volume of euro coin issuance.
Official Source Record View Original Source →
See Full Document Text
Official Journal EN of the European Union L series 2024/3127 13.12.2024 DECISION (EU) 2024/3127 OF THE EUROPEAN CENTRAL BANK of 26 November 2024 on the approval of the volume of coin issuance in 2025 (ECB/2024/38) THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(2) thereof, Having regard to Decision (EU) 2015/2332 of the European Central Bank of 4 December 2015 on the procedural framework for the approval of the volume of euro coin issuance (ECB/2015/43)(1), and in particular Article 2(9) thereof, Whereas: (1) The European Central Bank (ECB) has the exclusive right to approve the volume of coins issued by the Member States whose currency is the euro (hereinafter ‘euro area Member States’). (2) The 20 euro area Member States have submitted to the ECB their requests for the approval of the volume of coins to be issued in 2025, supplemented by explanatory notes on the forecasting methodology. Certain of these euro area Member States have also provided additional information regarding circulation coins, where such information is available and considered important by the euro area Member States concerned to substantiate the approval request. (3) As the right of euro area Member States to issue euro coins is subject to approval by the ECB of the volume of the issue, in accordance with Article 3(1) of Decision (EU) 2015/2332 (ECB/2015/43), the volumes approved by the ECB may not be exceeded by the euro area Member States at any time during the year 2025 without prior approval by the ECB. (4) Since no modification of the requested volume of coin issuance is required, the Executive Board is empowered pursuant to Article 2(9) of Decision (EU) 2015/2332 (ECB/2015/43) to adopt this Decision on the annual approval requests for the volume of coin issuance in 2025 submitted by euro area Member States, HAS ADOPTED THIS DECISION: Article 1 Definitions For the purposes of this Decision, the definitions in Article 1 of Decision (EU) 2015/2332 (ECB/2015/43) apply. (1) OJ L 328, 12.12.2015, p. 123. ELI: http://data.europa.eu/eli/dec/2024/3127/oj 1/3EN OJ L, 13.12.2024 Article 2 Approval of the volume of euro coins to be issued in 2025 The ECB hereby approves the volume of euro coins to be issued by euro area Member States in 2025 as set out in the following table: Volume of euro coins approved for issuance in 2025 Circulation coins Collector coins Volume of coin (not intended for circulation) issuance (EUR million) (EUR million) (EUR million) Belgium 30,00 0,30 30,30 Germany 343,50 135,50 479,00 Estonia 11,20 0,34 11,54 Ireland 30,78 0,50 31,28 Greece 152,20 0,96 153,16 Spain 294,94 40,00 334,94 France 276,47 60,00 336,47 Croatia 71,92 0,45 72,37 Italy 241,65 5,05 246,70 Cyprus 6,30 0,01 6,31 Latvia 5,90 0,20 6,10 Lithuania 12,00 0,63 12,63 Luxembourg 13,00 0,40 13,40 Malta 8,20 11,50 19,70 Netherlands 24,00 1,00 25,00 Austria 114,21 175,51 289,72 Portugal 35,10 1,70 36,80 Slovenia 22,00 1,00 23,00 Slovakia 20,00 3,00 23,00 Finland 10,00 5,00 15,00 Total 1 723,37 443,05 2 166,42 2/3 ELI: http://data.europa.eu/eli/dec/2024/3127/ojEN OJ L, 13.12.2024 Article 3 Taking effect This Decision shall take effect on the day of its notification to the addressees. Article 4 Addressees This Decision is addressed to the Member States whose currency is the euro. Done at Frankfurt am Main, 26 November 2024. The President of the ECB Christine LAGARDE ELI: http://data.europa.eu/eli/dec/2024/3127/oj 3/3

Continue your research

Related Documents from European Central Bank