2014/937/EU: Decision of the European Central Bank of 11 December 2014 on the approval of the volume of coin issuance in 2015 (ECB/2014/53)

19.12.2014 EN Official Journal of the European Union L 365/163
DECISION OF THE EUROPEAN CENTRAL BANK
of 11 December 2014
on the approval of the volume of coin issuance in 2015
(ECB/2014/53)
(2014/937/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) and Article 140(2) thereof,
Having regard to Council Decision 2014/509/EU of 23 July 2014 on the adoption by Lithuania of the euro on 1 January 2015 (1), and in particular Article 1 thereof,
Whereas:
(1) The European Central Bank (ECB) has the exclusive right since 1 January 1999 to approve the volume of coins issued by the Member States whose currency is the euro.
(2) The derogation in favour of Lithuania referred to in Article 4 of the 2003 Act of Accession has been abrogated with effect from 1 January 2015.
(3) The 18 Member States whose currency is the euro and Lithuania have submitted to the ECB for approval their estimates of the volume of euro coins to be issued in 2015, supplemented by explanatory notes on the forecasting methodology.
(4) As the right of Member States to issue euro coins is subject to approval by the ECB of the volume of the issue, the volumes approved by the ECB may not be surpassed by the Member States without prior approval by the ECB,