2025-10-15

Circular Letter No. CC/2025/00000019

The Bank of Portugal issued Circular Letter No. CC/2025/00000019 to disseminate the application of ECB Guideline (ECB/2006/10) regarding the exchange of banknotes after the irrevocable fixation of exchange rates related to the introduction of the euro. This directive specifically addresses the operational requirements for the introduction of the euro in Bulgaria effective January 1, 2026. The regulation mandates compliance from credit institutions, electronic money institutions, payment institutions, and financial companies to ensure proper handling of currency exchanges during this transition.

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Banco de Portugal

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Circular Letter No. CC/2025/00000019

Summary

Disseminates the application of ECB Guideline (ECB/2006/10) "on the exchange of banknotes after the irrevocable fixation of exchange rates related to the introduction of the euro" in the context of the introduction of the euro in Bulgaria on January 1, 2026.

Status

In force

Official Journal

10/2025

Publication Date

15-10-2025

Issue Date

25-09-2025

Type of Recipient

Credit Institutions, Electronic Money Institutions, Payment Institutions, Financial Companies

Descriptors

Euro, Exchange Rate

Recipients

Exchange Agencies, Banks, Central Credit Agricultural Mutual Credit Union, Agricultural Mutual Credit Unions, Agricultural Mutual Credit Unions (not belonging to SICAM), Savings Banks, Mortgage Credit Institutions, Electronic Money Institutions, Payment Institutions, Credit Financial Institutions, Credit Card Issuing or Managing Companies

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