**Executive Summary**
This document is Decision (EU) 2025/2419 of the European Central Bank (ECB), dated 18 November 2025, concerning the approval of the volume of euro coin issuance for euro area Member States and Bulgaria for the year 2026. The decision specifies the approved volumes for both circulation and collector coins. The decision takes effect on the day of notification to the addressees.
**Key Points / Main Content**
* **Purpose:** Approves the volume of euro coin issuance for 2026.
* **Issuing Authority:** The European Central Bank (ECB).
* **Coin Issuance Approval:**
* The ECB has the exclusive right to approve coin issuance volumes.
* The volumes approved by the ECB cannot be exceeded by Member States without prior approval from the ECB during 2026.
* The total amount of approved coins to be issued in 2026 is €2,401.24 million. Of this amount, €1,889.75 million are circulation coins and €511.49 million are collector coins.
* Individual coin issuance volumes are specified for each euro area Member State and Bulgaria (see table).
* **Definitions:** The definitions in Article 1 of Decision (EU) 2015/2332 (ECB/2015/43) apply.
* **Effectiveness:** This decision takes effect on the day of its notification to the addressees.
**Impact Analysis**
**Euro Area Member States and Bulgaria Impact**
* **Impact:** Each Member State and Bulgaria is authorized to issue euro coins in 2026 up to the volume approved by the ECB. The approved volumes are broken down by circulation and collector coins.
* **Action Required:** Member States and Bulgaria must adhere to the approved coin issuance volumes for 2026, and any deviation requires prior approval from the ECB.
Key Entities Referenced
European Central Bank (ECB): The central entity responsible for approving the volume of euro coins issued by Member States within the euro area and Bulgaria.
Decision (EU) 2015/2332 (ECB/2015/43): A previous decision that establishes the procedural framework for approving the volume of euro coin issuance, and which is referenced in the current decision.
Member States (euro area) and Bulgaria: The entities to which this decision directly applies, specifically those within the Eurozone and Bulgaria, which is set to adopt the Euro.
Decision (EU) 2025/2419 (ECB/2025/37): The current decision on the approval of the volume of coin issuance in 2026.
Official Journal EN
of the European Union L series
2025/2419 28.11.2025
DECISION(EU) 2025/2419 OF THE EUROPEAN CENTRAL BANK
of 18 November 2025
on the approval of the volume of coin issuance in 2026 (ECB/2025/37)
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 and Bulgaria, which will adopt the euro as the single currency from 1 January 2026,
have submitted to the ECB their requests for the approval of the volume of coins to be issued in 2026, 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 2026 without prior approval
by the ECB.
(4) Pursuant to Article 2(9) of Decision (EU) 2015/2332 (ECB/2015/43), since no modification of the requested volume
of coin issuance is required, the Executive Board is empowered to adopt this Decision on the annual approval requests
for the volume of coin issuance in 2026 submitted by euro area Member States and Bulgaria,
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/2015/2332/oj.
ELI: http://data.europa.eu/eli/dec/2025/2419/oj 1/3EN
OJ L, 28.11.2025
Article 2
Approval of the volume of euro coins to be issued in 2026
The ECB hereby approves the volume of euro coins to be issued by euro area Member States in 2026 as set out in the
following table:
Volume of euro coins approved for issuance in 2026
Collector coins
Circulation coins Volume of coin issuance
(not intended for circulation)
(EUR million) (EUR million) (EUR million)
Belgium 56,00 0,30 56,30
Bulgaria 163,64 0,63 164,27
Germany 354,50 203,50 558,00
Estonia 9,00 0,33 9,33
Ireland 35,96 0,50 36,46
Greece 149,90 0,68 150,58
Spain 259,42 40,00 299,42
France 282,00 60,00 342,00
Croatia 61,75 0,43 62,18
Italy 254,25 4,15 258,40
Cyprus 6,10 0,01 6,11
Latvia 8,50 0,20 8,70
Lithuania 12,00 0,55 12,55
Luxembourg 13,00 0,40 13,40
Malta 7,60 12,00 19,60
Netherlands 24,00 1,00 25,00
Austria 106,23 176,11 282,34
Portugal 29,90 1,40 31,30
Slovenia 20,00 1,00 21,00
Slovakia 26,00 3,30 29,30
Finland 10,00 5,00 15,00
Total 1 889,75 511,49 2 401,24
2/3 ELI: http://data.europa.eu/eli/dec/2025/2419/ojEN
OJ L, 28.11.2025
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 and Bulgaria.
Done at Frankfurt am Main, 18 November 2025.
The President of the ECB
Christine LAGARDE
ELI: http://data.europa.eu/eli/dec/2025/2419/oj 3/3