ECB/2025/38 · GlobalLawDB

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THE EXECUTIVE BOARD OF THE EUROPEAN CENTRAL BANK,Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(2) thereof,Having regard to Decision (EU) 2015/2332 of the European Central Bank of 4 December 2015 on the procedural framework for the approval of the volume of euro coin issuance (ECB/2015/43)^note and in particular Article 3(7) 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)Based on the estimates of demand for euro coins in 2025 that the Member States whose currency is the euro submitted to the ECB, the ECB approved the total volume of euro coins intended for circulation and euro collector coins not intended for circulation in 2025 in Decision (EU) 2024/3127 of the European Central Bank (ECB/2024/38)^note.

(3)Pursuant to Article 3 of Decision (EU) 2015/2332 (ECB/2015/43), Member States whose currency is the euro must notify the ECB if the actual demand for euro coins is likely to exceed the approved volume of coin issuance in a calendar year and, where the increased coin demand continues, must request ad hoc approval for an additional volume of coin issuance in that calendar year.

(4)On 14 October 2025, the ECB received a request from Národna banka Slovenska on behalf of Slovakia to increase the volume of circulation coins that Slovakia may issue in 2025 by an additional volume of EUR 2,0 million, from EUR 20,0 million to EUR 22,0 million. There are two reasons for this request. First, there has been a continual increase in the net issuance of circulation coins since the beginning of 2025, especially in the higher denominations. Second, an additional increase is expected that might lead to the approved volume of coin issuance for 2025 being exceeded before the end of the year.

(5)Pursuant to Article 3(7) of Decision (EU) 2015/2332 (ECB/2015/43), the Executive Board must adopt an individual decision on the ad hoc approval request, when no modification to the ad hoc request is required.

(6)Therefore, Decision (EU) 2024/3127 (ECB/2024/38) should be amended accordingly,

HAS ADOPTED THIS DECISION: