WRITTEN QUESTION No. 323/98 by Riitta MYLLER to the Commission. Requirement to notify changes to national banknotes
Date: 1998-02-17
Institutions: European Parliament, MYLLER
Subjects: Belgium, Economic and Monetary Union, European Monetary System, European System of Central Banks, euro, paper money, public awareness campaign, single monetary policy, third stage of EMU

C 386/10

Official Journal of the European Communities

EN

11.12.98

(98/C 386/012)

WRITTEN QUESTION E-0323/98

by Riitta Myller (PSE) to the Commission

(17 February 1998)

Subject: Requirement to notify changes to national banknotes

The European Union has an internal market within which there is free movement of services, persons, workers
and capital. However, there is no requirement to notify a change of banknotes even among European Union
governments. For example there was no notification to the other Member States of Belgium(cid:146)s changes to its
thousand and ten thousand franc notes. This causes unjustifiable problems for travellers.

Given that there may still yet be changes to banknotes even before the transition to the single currency, what
action does the Commission propose taking to introduce a requirement that changes to banknotes must be notified
within the European Union?

Answer given by Mr de Silguy on behalf of the Commission

(1 April 1998)

According to Article 105a of the EC Treaty and Article 16 of the Protocol on the statute of the European system of
central banks (ESCB) and of the European central bank (ECB) the governing council of the ECB shall have, as
from the start of the third stage of economic and monetary union (EMU), the exclusive right to authorise the issue
of banknotes within the euro area. This right is independent from the fact that during the transitional period,
running from 1 January 1999 to 31 December 2001, only banknotes denominated in the national currency units
will be in circulation. It is therefore ensured that national banknotes will not be introduced in one Member State of
the euro area without the involvement of the ECB.

Moreover, according to information obtained from the European monetary institute which supervises the
technical preparation of euro banknotes, national central banks do not intend to issue new or re-designed
banknotes during the transitional period. Therefore, the Commission does not see a need to take any action in this
area.

(98/C 386/013)

WRITTEN QUESTION E-0341/98

by Nel van Dijk (V) to the Commission

(17 February 1998)

Subject: Equal opportunities in the internal market for gas and electricity

Now that the Council of Ministers has adopted guidelines for the internal market for gas and electricity there is
concern that the internal market will be at the expense of employment in the sectors concerned.

Falling employment affects women in particular. According to Eurostat data, in 1993 19. 6% of employees in the
sector were women, in 1994 the figure had fallen to 18. 9% and in 1995 it was 18. 6%.

Has the Commission examined the possible impact of the internal market in gas and electricity on employment in
the sector, with particular reference to women?

Has it looked at the operation of the internal market in gas and electricity in the light of the policy proposals made
in its communication (cid:145)Incorporating equal opportunities for women and men into all Community policies and
activities(cid:146) (COM(96) 67 of 21 February 1996)?