2014/856/EU: Decision of the European Central Bank of 24 November 2014 amending Decision ECB/2013/46 on the approval of the volume of coin issuance in 2014 (ECB/2014/47)
Date: 2014-11-24
Institutions: European Central Bank
Subjects: Cyprus, Greece, euro, euro area, issuing of currency








L_2014344EN.01002701.xml










29.11.2014   


EN


Official Journal of the European Union


L 344/27








            DECISION OF THE EUROPEAN CENTRAL BANK
         
of 24 November 2014
         
amending Decision ECB/2013/46 on the approval of the volume of coin issuance in 2014

(ECB/2014/47)


(2014/856/EU)



THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(2) thereof,

Whereas:







(1)


The European Central Bank (ECB) has the exclusive right from 1 January 1999 to approve the volume of euro coins issued by the Member States whose currency is the euro.












(2)


Based on the estimates of demand for euro coins in 2014 that the Member States whose currency is the euro submitted to the ECB, the ECB approved the total volume of euro coins intended for circulation and euro collector coins not intended for circulation in 2014 in Decision ECB/2013/46 (1).












(3)


On 8 October 2014, the Central Bank of Cyprus requested that the volume of euro coins that Cyprus may issue in 2014 be increased from EUR 5,1 million to EUR 10 million to be able to respond to an unexpected rise in the demand for coins.












(4)


The ECB approves the abovementioned request for an increase in the volume of euro coins intended for circulation that Cyprus may issue in 2014.












(5)


On 24 October 2014, the Bank of Greece requested that the volume of euro coins that Greece may issue in 2014 be increased from EUR 6,856 million to EUR 12,856 million to be able to respond to an unexpected rise in the demand for coins.












(6)


The ECB approves the abovementioned request for an increase in the volume of euro coins intended for circulation that Greece may issue in 2014.












(7)


Therefore, Decision ECB/2013/46 should be amended accordingly,





HAS ADOPTED THIS DECISION:



Article 1

Amendment

The table in Article 1 of Decision ECB/2013/46 is replaced by the following:






(EUR million)




 


Issuance of coins intended for circulation and issuance of collector coins (not intended for circulation) in 2014




Belgium


24,925




Germany


655




Estonia


11,14




Ireland


48,96




Greece


12,856




Spain


201,24




France


267




Italy


58,36




Cyprus


10




Latvia


80,91




Luxembourg


45




Malta


10,04




Netherlands


97,5




Austria


247




Portugal


20,4




Slovenia


12




Slovakia


21,4




Finland


60’



.

Article 2

Taking effect

This Decision shall take effect on the day of its notification to the addressees.


Article 3

Addressees

This Decision is addressed to the Member States whose currency is the euro.




Done at Frankfurt am Main, 24 November 2014.


The President of the ECB

Mario DRAGHI
            





(1)  Decision ECB/2013/46 of 6 December 2013 on the approval of the volume of coin issuance in 2014 (OJ L 349, 21.12.2013, p. 109).