EECs fault

jimmyc

Who is responsible for the low mintages of minor countries' Euro coins?. I thought it was the countries themseleves, until I saw the Vatican web-site which includes the agrreement that allows the Vatican to issue Euro-coinage. Is this also the case for San Marino and Monaco?

satootoko

Yup.

newsman

The European Central Bank sets mintage limits for each of the eurozone countries. The ECB's function is similar to that of the Federal Reserve in the United States -- to ensure the money supply doesn't get out of control.

jimmyc

<< <i>The European Central Bank sets mintage limits for each of the eurozone countries. The ECB's function is similar to that of the Federal Reserve in the United States -- to ensure the money supply doesn't get out of control. >>

Let me get this straight. If each of the three minor countries increased mint/proof set production by 100k(enough that I think would moderate prices) that would mean 300k more sets at 3.88 Euros. for the grand total of 1.164 mil. Euros. A truely massive increase in the money supply. Even if it took a half million sets per country, you are lookng at less than a 6mil. increase in the money supply.

satootoko

Actually Vatican City, San Marino and Monaco have zero direct allotment of Euro coins/currency.

Vatican City and San Marino arrange with Italy to use a small part of its allotment, and Monaco does the same with France.

ColinCMR

that's some neat diplomacy

Aethelred

Interesting, I had never thought about this!

Now that I think about it, there are many things that I have never thought about!

spinaker2000

<< <i>Interesting, I had never thought about this!

Now that I think about it, there are many things that I have never thought about! >>