2025-10-15

Circular Letter No. CC/2025/00000020

Bank of Portugal issued Circular Letter No. CC/2025/00000020 to communicate the withdrawal from circulation of the first series of euro banknotes. The document mandates that national central banks request professionals handling cash to cease the recirculation of all denominations from this series. This directive applies to credit institutions, payment institutions, and financial companies to ensure the orderly removal of the specified banknote series.

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Circular Letter No. CC/2025/00000020

Summary Communicates the withdrawal from circulation of the first series, requiring national central banks to request professionals who operate professionally with cash to cease the recirculation of all denominations of notes from that series.

Status: In force Official Gazette: 10/2025 Publication Date: 15-10-2025 Issue Date: 13-10-2025 Recipient Type: Credit Institutions, Payment Institutions, Financial Companies Descriptors: Euro Recipients: Exchange Agencies, Banks, Central Credit Agricultural Mutual Fund, Agricultural Credit Mutual Funds, Agricultural Credit Mutual Funds (not belonging to SICAM), Savings Banks, Payment Institutions, Credit Card Issuing or Managing Companies

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