German treasury loses out over euro seigniorage
According to the German economics institute IFO, the introduction of the euro coins and banknotes at the beginning of 2002 will cause a financial loss to the German treasury of DM60bn. This arises from transfer of minting and note printing from Germany's national mint to the European Central Bank. Germany is the biggest loser as a result of monetary union and France is the biggest winner.
The mint generates profit by making coins and notes available to private banks in exchange for deposited
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Coins
Estonia’s head of cash on sunsetting low-value coins
Bank of Estonia’s Rait Roosve speaks about the country’s decision to stop minting one- and two-euro cent coins
Estonia to adopt ‘rounding rule’ for cash payments
Central bank to phase out one and two euro cent coins as they are “too expensive to produce and handle”
Central European countries see rise in counterfeiting
Danish central bank to upgrade banknotes ahead of overhaul
Canada introduces first Charles III coins
Argentina updates 2,000-peso note; ECCB commemorative note honours cricketer; and more
Currency round-up: New yen banknotes to arrive in July 2024
De La Rue outlook brightens; Egypt continues transition to polymer; and more
Currency round-up: India withdraws 2,000-rupee note
De La Rue replaces chair; Canada and Philippines win currency awards; and more
Argentina importing banknotes amid high inflation
Curaçao picks Crane for new currency; Cuba drops visual aids from banknote
Currency round-up: De La Rue issues profit warning
Central African central bank to release new coins; and more