Decision of the European Central Bank

of 1 December 2011

on the approval of the volume of coin issuance in 2012

(ECB/2011/21)

(2011/816/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,

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 Member States whose currency is the euro have submitted to the ECB for approval their estimates of the volume of euro coins to be issued in 2012, supplemented by explanatory notes on the forecasting methodology,

HAS ADOPTED THIS DECISION: