CELEX: 32014D0047(01)
Language: en
Date: 2014-11-24 00:00:00
Title: 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)

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).