DECISION OF THE EUROPEAN CENTRAL BANK

of 29 November 2010

on the approval of the volume of coin issuance in 2011

(ECB/2010/25)

(2010/751/EU)

THE GOVERNING COUNCIL 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 Council Decision 2010/416/EU of 13 July 2010 in accordance with Article 140(2) of the Treaty on the adoption by Estonia of the euro on 1 January 2011(1), and in particular Article 1 thereof,

Whereas:

(1) The European Central Bank (ECB) has the exclusive right from 1 January 1999 to approve the volume of coins issued by the Member States whose currency is the euro.

(2) The derogation in favour of Estonia referred to in Article 4 of the 2003 Act of Accession has been abrogated with effect from 1 January 2011.

(3) The 16 Member States whose currency is the euro and Estonia have submitted to the ECB for approval their estimates of the volume of euro coins to be issued in 2011, supplemented by explanatory notes on the forecasting methodology,

HAS ADOPTED THIS DECISION:

Article 1

Approval of the volume of euro coins to be issued in 2011

The ECB hereby approves the volume of euro coins to be issued by the Member States whose currency is the euro in 2011 as described in the following table:

(EUR million)
	Issuance of coins intended for circulation and issuance of collector coins (not intended for circulation) in 2011
Belgium	178,3
Germany	629
Estonia	48,4
Ireland	44,4
Greece	54,5
Spain	180
France	300
Italy	262,4
Cyprus	15,6
Luxembourg	30
Malta	6,8
Netherlands	64
Austria	277
Portugal	30
Slovenia	36
Slovakia	42,2
Finland	60

Article 2

Final provision

This Decision is addressed to the Member States whose currency is the euro and Estonia.

Done at Frankfurt am Main, 29 November 2010.

The President of the ECB

Jean-Claude TRICHET

(1)

OJ L 196, 28.7.2010, p. 24