11997E106

Treaty establishing the European Community (Amsterdam consolidated version) - Part Three: Community policies - Title VII: Economic and monetary policy - Chapter 2: Monetary policy - Article 106 - Article 105a - EC Treaty (Maastricht consolidated version)

Official Journal C 340 , 10/11/1997 P. 0221 - Consolidated version
Official Journal C 224 , 31/08/1992 P. 0036 - Consolidated version


Treaty establishing the European Community (Amsterdam consolidated version)

Article 106

1. The ECB shall have the exclusive right to authorise the issue of banknotes within the Community. The ECB and the national central banks may issue such notes. The banknotes issued by the ECB and the national central banks shall be the only such notes to have the status of legal tender within the Community.

2. Member States may issue coins subject to approval by the ECB of the volume of the issue. The Council may, acting in accordance with the procedure referred to in Article 252 and after consulting the ECB, adopt measures to harmonise the denominations and technical specifications of all coins intended for circulation to the extent necessary to permit their smooth circulation within the Community.