02000O0006(01) — EN — 21.11.2001 — 001.001

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►B GUIDELINE OF THE EUROPEAN CENTRAL BANK of 20 July 2000 on the implementation of Article 52 of the Statute of the European System of Central Banks and of the European Central Bank after the end of the transitional period (ECB/2000/6) (2001/149/EC) (OJ L 055 24.2.2001, p. 66)

Amended by:









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GUIDELINE OF THE EUROPEAN CENTRAL BANK

of 20 July 2000

on the implementation of Article 52 of the Statute of the European System of Central Banks and of the European Central Bank after the end of the transitional period

(ECB/2000/6)

(2001/149/EC)







Article 1

Definitions

For the purposes of this Guideline:

— ‘NCBs’ shall mean the national central banks of Member States that have adopted the single currency in accordance with the Treaty,

— ‘participating Member States’ shall mean all Member States which have adopted the single currency in accordance with the Treaty,

— ‘banknotes of other participating Member States’ shall mean banknotes issued by an NCB which were legal tender on 31 December 2001 that are presented to another national central bank or to its appointed agent for exchange,

— ‘exchange of banknotes of other participating Member States’ shall mean the exchange of banknotes issued by a national central bank and presented to another national central bank or to its appointed agent to be exchanged against euro banknotes and coins or against the crediting of funds to an account,

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— ‘marking’ shall mean the identification of the national banknotes with a distinctive and specific symbol, e.g. holes punched by perforators, which will be carried out by authorised institutions in implementation of legal measures taken at the level of each participating Member State, with the aim of facilitating the withdrawal of the national banknotes from circulation,

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— ‘par value’ shall mean the value resulting from the conversion rates adopted by the EU Council under Article 123(4) of the Treaty without any spread between buying and selling rates.

Article 2

Obligation to exchange at par value

1. The NCBs shall, in at least one location in the national territory, by themselves or through their appointed agent, ensure that banknotes of other participating Member States can be either exchanged against euro banknotes and coins or, upon request, credited to an account with the institution effecting the exchange, if the national legislation provides for such possibility, in both cases at their respective par value.

2. NCBs may limit the number and/or the total value of banknotes of other participating Member States that they are prepared to accept for any given transaction or on any one day.

Article 3

Banknotes which qualify for exchange

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Banknotes of other participating Member States that qualify for exchange under this Guideline shall not be badly mutilated. In particular, the banknotes shall not consist of more than two parts of the same banknote joined together or have been damaged by anti-theft devices. In addition they shall not have been marked or have been damaged in a manner that makes it impossible to check the presence of marking.

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Article 4

Final provisions

This Guideline is applicable to all banknotes of other participating Member states presented for exchange between 1 January 2002 and 31 March 2002.

This Guideline is addressed to the NCBs of participating Member States.

This Guideline shall be published in the Official Journal of the European Communities.