Regulatory Alerts2025-12-04
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Decision (EU) 2025/2523 of the European Central Bank amending Decision ECB/2010/29 on the issue of euro banknotes
The European Central Bank amends Decision ECB/2010/29 to update the banknote allocation key effective 1 January 2026, coinciding with Bulgaria's adoption of the euro. The revised key incorporates the Bulgarian National Bank with a 1.0875% share and adjusts the capital key weightings for all other national central banks accordingly. This amendment ensures the distribution of euro banknotes reflects the new economic weightings resulting from Bulgaria's entry into the euro area.
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Document 32025D2523
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Decision (EU) 2025/2523 of the European Central Bank of 4 December 2025 amending Decision ECB/2010/29 on the issue of euro banknotes (ECB/2025/39)
Decision (EU) 2025/2523 of the European Central Bank of 4 December 2025 amending Decision ECB/2010/29 on the issue of euro banknotes (ECB/2025/39)
Decision (EU) 2025/2523 of the European Central Bank of 4 December 2025 amending Decision ECB/2010/29 on the issue of euro banknotes (ECB/2025/39)
ECB/2025/39
OJ L, 2025/2523, 12.12.2025, ELI: http://data.europa.eu/eli/dec/2025/2523/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
ELI: http://data.europa.eu/eli/dec/2025/2523/oj
Language 1
Language 2
Language 3
Official Journal of the European Union
EN
L series
2025/2523
12.12.2025
DECISION (EU) 2025/2523 OF THE EUROPEAN CENTRAL BANK
of 4 December 2025
amending Decision ECB/2010/29 on the issue of euro banknotes (ECB/2025/39)
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(1) thereof,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 16 thereof,
Whereas:
(1)
Pursuant to Article 1 of Council Decision (EU) 2025/1407 ( 1 ) , in accordance with Article 140(2) of the Treaty on the Functioning of the European Union (TFEU), Bulgaria fulfils the necessary conditions for the adoption of the euro and the derogation in favour of Bulgaria referred to in Article 5 of the 2005 Act of Accession ( 2 ) will be abrogated with effect from 1 January 2026.
(2)
Article 1, point (d), of Decision ECB/2010/29 of the European Central Bank ( 3 ) defines the ‘banknote allocation key’ and refers to Annex I to that Decision, which specifies the banknote allocation key applying since 1 January 2024. Given that Bulgaria will adopt the euro on 1 January 2026, and that new capital key weightings will apply from that date, Decision ECB/2010/29 needs to be amended in order to determine the banknote allocation key applying from 1 January 2026,
HAS ADOPTED THIS DECISION:
Article 1
Amendments
Decision ECB/2010/29 is amended as follows:
(1)
the final sentence of Article 1, point (d), is replaced by the following:
‘Annex I to this Decision specifies the banknote allocation key that shall apply from 1 January 2026.’;
(2)
Annex I is replaced by the Annex to this Decision.
Article 2
Entry into force
This Decision shall enter into force on 1 January 2026.
Done at Frankfurt am Main, 4 December 2025.
The President of the ECB
Christine LAGARDE
( 1 ) Council Decision (EU) 2025/1407 of 8 July 2025 on the adoption by Bulgaria of the euro on 1 January 2026 ( OJ L, 2025/1407, 14.7.2025, ELI: http://data.europa.eu/eli/dec/2025/1407/oj ).
( 2 ) Act concerning the conditions of accession of the Republic of Bulgaria and Romania and the adjustments to the treaties on which the European Union is founded ( OJ L 157, 21.6.2005, p. 203 ).
( 3 ) Decision ECB/2010/29 of the European Central Bank of 13 December 2010 on the issue of euro banknotes ( OJ L 35, 9.2.2011, p. 26 , ELI: http://data.europa.eu/eli/dec/2011/67(1)/oj ).
ANNEX
Annex I to Decision ECB/2010/29 is replaced by the following:
‘ANNEX I
BANKNOTE ALLOCATION KEY FROM 1 JANUARY 2026
European Central Bank
8,0000 %
Nationale Bank van België/Banque Nationale de Belgique
3,3360 %
Българска народна банка (Bulgarian National Bank)
1,0875 %
Deutsche Bundesbank
24,2095 %
Eesti Pank
0,2710 %
Central Bank of Ireland
1,9805 %
Bank of Greece
2,0540 %
Banco de España
10,7505 %
Banque de France
18,1865 %
Hrvatska narodna banka
0,7035 %
Banca d’Italia
14,5640 %
Central Bank of Cyprus
0,2005 %
Latvijas Banka
0,3525 %
Lietuvos bankas
0,5365 %
Banque centrale du Luxembourg
0,3310 %
Central Bank of Malta
0,1170 %
De Nederlandsche Bank
5,3710 %
Oesterreichische Nationalbank
2,6880 %
Banco de Portugal
2,1140 %
Banka Slovenije
0,4495 %
Národná banka Slovenska
1,0455 %
Suomen Pankki
1,6515 %
TOTAL
100,0000 %
’.
ELI: http://data.europa.eu/eli/dec/2025/2523/oj
ISSN 1977-0677 (electronic edition)
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