Quantity of notes and coins made in the Euro Zone
737/5000
How do you decide the amount of tickets and coins that occur in Spain?
After the creation of the single currency, it is the Governing Council of the European Central Bank
who has the power to decide the volume of euro banknotes that are issued each year.
The issuance of these bills corresponds to the national central banks of the euro area.
The ECB also has the exclusive right to approve the total value of the currencies that are issued. The use of currencies varies significantly between the different countries in the euro zone, so that it corresponds to each country to calculate the amount of required currencies and justify the resulting figure before the ECB, which authorizes the appropriate volume of issue
After the creation of the single currency, it is the Governing Council of the European Central Bank
who has the power to decide the volume of euro banknotes that are issued each year.
The issuance of these bills corresponds to the national central banks of the euro area.
The ECB also has the exclusive right to approve the total value of the currencies that are issued. The use of currencies varies significantly between the different countries in the euro zone, so that it corresponds to each country to calculate the amount of required currencies and justify the resulting figure before the ECB, which authorizes the appropriate volume of issue
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This is the first in a planned series of articles about reports of developments in new types of payments that will appear from time to time in Currency News. We will explore technology developments as well as policy initiatives affecting payment alternatives.
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