That is significantly more than a year earlier. For 2022, the central bank had promised the 19 countries in the currency area the issue of new euro coins worth about 1.8 billion euros, in 2021 it was about two billion euros, in 2020 no less than 2.1 billion euros.
Of the coin production planned for 2023, a volume of 2100.94 million euros is intended for daily use. There are also collector coins worth 496.18 million euros.
Germany wants to produce most coins again. The volume in Europe’s largest economy is €633 million, of which €206 million is for collector coins. With a total volume of 343 million euros, Spain has the second highest value of new coins, France is in third place among the euro countries with 339 million euros.
Euro newcomer Croatia, as the 20th country in the club of countries with the common currency, is planning euro coins totaling €316.77 million – mainly for everyday use.
The ECB sets an annual cap on the total volume of coin issuance based on the needs reported by the euro area countries. In this context, the federal states can then mint coins.
(SDA)