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Document 02010D0029(01)-20230101

    Consolidated text: Decision of the European Central Bank of 13 December 2010 on the issue of euro banknotes (recast) (ECB/2010/29) (2011/67/EU)

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    ELI: http://data.europa.eu/eli/dec/2011/67(1)/2023-01-01

    Date of document:
    01/01/2023
    Date of effect:
    01/01/2023
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    32010D0029(01)

    02010D0029(01) — EN — 01.01.2023 — 006.001

    This text is meant purely as a documentation tool and has no legal effect. The Union's institutions do not assume any liability for its contents. The authentic versions of the relevant acts, including their preambles, are those published in the Official Journal of the European Union and available in EUR-Lex. Those official texts are directly accessible through the links embedded in this document

    ►B

    DECISION OF THE EUROPEAN CENTRAL BANK

    of 13 December 2010

    on the issue of euro banknotes

    (recast)

    (ECB/2010/29)

    (2011/67/EU)

    (OJ L 035 9.2.2011, p. 26)

    Amended by:

     

     

    Official Journal

      No

    page

    date

     M1

    DECISION OF THE EUROPEAN CENTRAL BANK  of 21 June 2013

      L 187

    13

    6.7.2013

     M2

    DECISION OF THE EUROPEAN CENTRAL BANK  of 29 August 2013

      L 16

    51

    21.1.2014

     M3

    DECISION (EU) 2015/286 OF THE EUROPEAN CENTRAL BANK  of 27 November 2014

      L 50

    42

    21.2.2015

     M4

    DECISION (EU) 2019/47 OF THE EUROPEAN CENTRAL BANK  of 29 November 2018

      L 9

    194

    11.1.2019

     M5

    DECISION (EU) 2020/141 OF THE EUROPEAN CENTRAL BANK  of 22 January 2020

      L 27I

    21

    1.2.2020

    ►M6

    DECISION (EU) 2022/2546 OF THE EUROPEAN CENTRAL BANK  of 16 December 2022

      L 328

    136

    22.12.2022



    ▼B

    DECISION OF THE EUROPEAN CENTRAL BANK

    of 13 December 2010

    on the issue of euro banknotes

    (recast)

    (ECB/2010/29)

    (2011/67/EU)



    Article 1

    Definitions

    For the purposes of this Decision:

    (a) 

    ‘NCB’ means the national central bank of a Member State whose currency is the euro;

    (b) 

    ‘euro banknotes’ means those banknotes complying with the requirements of Decision ECB/2003/4 and with the technical specifications laid down by the Governing Council;

    (c) 

    ‘subscribed capital key’ means the NCBs’ shares (expressed as percentages) in the ECB’s subscribed capital that result from applying to the NCBs the weightings in the key referred to in Article 29.1 of the Statute of the ESCB and as applicable for the relevant financial year;

    (d) 

    ‘banknote allocation key’ means the percentages that result from taking into account the ECB’s share in the total euro banknote issue and applying the subscribed capital key (rounded to the nearest multiple of 0,0005 of a percentage point) to the NCBs’ share in this total. Where the resulting percentages do not total 100 %, the difference shall be compensated for: (i) if the total is below 100 %, by adding 0,0005 of a percentage point to the smallest shares in ascending order until exactly 100 % is reached; or (ii) if the total is above 100 %, by subtracting 0,0005 of a percentage point in descending order from the largest shares until exactly 100 % is reached. ►M6  Annex I to this Decision specifies the banknote allocation key that shall apply from 1 January 2023. ◄

    Article 2

    Issue of euro banknotes

    The ECB and the NCBs shall issue euro banknotes.

    Article 3

    Obligations of issuers

    1.  
    NCBs shall put into and withdraw from circulation euro banknotes, and perform any physical handling in relation to all euro banknotes, including those issued by the ECB.
    2.  
    NCBs shall accept all euro banknotes on the request of the holder for exchange against euro banknotes of the same value or, in the case of account holders, to be credited to accounts held at the recipient NCB.
    3.  
    NCBs shall treat all euro banknotes accepted by them as liabilities and process them in an identical manner.
    4.  

    NCBs shall not transfer euro banknotes accepted by them to other NCBs and shall keep such euro banknotes available for reissue. As an exception, and in accordance with any rules laid down by the ECB’s Governing Council:

    (a) 

    mutilated, damaged, worn or withdrawn euro banknotes may be destroyed by the recipient NCB; and

    (b) 

    euro banknotes held by NCBs may, for logistical reasons, be redistributed in bulk within the Eurosystem.

    Article 4

    Allocation of euro banknotes within the Eurosystem

    1.  
    The total value of euro banknotes in circulation shall be allocated to the Eurosystem members by application of the banknote allocation key.
    2.  
    The difference between the value of euro banknotes allocated to each NCB in accordance with the banknote allocation key and the value of the euro banknotes that such NCB puts into circulation shall give rise to intra-Eurosystem balances. The ECB shall hold intra-Eurosystem claims on NCBs in proportion to their shares in the subscribed capital key, for a value equivalent to the value of euro banknotes that it issues.

    Article 5

    Repeal

    Decision ECB/2001/15 is repealed. References to the repealed Decision shall be construed as references to this Decision.

    Article 6

    Entry into force

    This Decision shall enter into force on 1 January 2011.

    ▼M6



    ANNEX I

    BANKNOTE ALLOCATION KEY FROM 1 JANUARY 2023



    %

    European Central Bank

    8,0000

    Nationale Bank van België/Banque Nationale de Belgique

    3,3250

    Deutsche Bundesbank

    24,0575

    Eesti Pank

    0,2570

    Central Bank of Ireland

    1,5455

    Bank of Greece

    2,2575

    Banco de España

    10,8825

    Banque de France

    18,6390

    Hrvatska narodna banka

    0,7400

    Banca d’Italia

    15,5035

    Central Bank of Cyprus

    0,1965

    Latvijas Banka

    0,3555

    Lietuvos bankas

    0,5280

    Banque centrale du Luxembourg

    0,3005

    Central Bank of Malta

    0,0960

    De Nederlandsche Bank

    5,3480

    Oesterreichische Nationalbank

    2,6710

    Banco de Portugal

    2,1360

    Banka Slovenije

    0,4395

    Národná banka Slovenska

    1,0450

    Suomen Pankki

    1,6765

    TOTAL

    100,0000

    ▼B



    ANNEX II



    REPEALED DECISION AND SUCCESSIVE AMENDMENTS

    Decision ECB/2001/15

    OJ L 337, 20.12.2001, p. 52

    Decision ECB/2003/23

    OJ L 9, 15.1.2004, p. 40

    Decision ECB/2004/9

    OJ L 205, 9.6.2004, p. 17

    Decision ECB/2006/25

    OJ L 24, 31.1.2007, p. 13

    Decision ECB/2007/19

    OJ L 1, 4.1.2008, p. 7

    Decision ECB/2008/26

    OJ L 21, 24.1.2009, p. 75
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