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European Commission to review euro coins series

Started by eurocoin, July 22, 2017, 05:25:38 PM

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eurocoin

#30
It is only today that I found out that since 2020, it is no longer possible to obtain rolls of 1 and 2 euro cent coins anywhere in the Netherlands. That year, the Dutch commercial banks started a collective for the distribution of cash, closed all of the cash machines at their own branches and placed joint new ones at the hardware stores. The new coin roll machines do not have 1 and 2 euro cent rolls anymore. The new coin deposit machines at the hardware stores do accept 1 and 2 euro cent coins. It is also not possible to obtain coin rolls at the Dutch National Bank. In Belgium I was recently still able to get 1 and 2 euro cent rolls from my bank over the counter, although they too were slightly hesitant. The last time someone had enquired for these denominations was over a year ago.

The decision of the European Commission in regard of the review of the euro coin series, which was expected at the end of last year, seems to have great delay. For me this is good news, as I like the 1 and 2 euro cent coins, and do not expect that they will decide to introduce a standard circulating 5 euro coin. The seemingly unavoidable abolition of 2 circulating coin denominations is bad for the hobby.

eurocoin

It is now expected that there will be an advice of the European Commission on the future of the 1 and 2 euro cent coins in December. Way later than expected, but I do not mind. The European Commission can not take a final decision on this itself. It is eventually the Council of the European Union that will decide.