Regulatory Alerts1995-02-28
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Monetary Circular 1/1995 of February 28 by the Bank of Spain: Advertising Use of Banknotes or Coins or Their Reproductions
The Bank of Spain issued Monetary Circular 1/1995 to regulate the advertising use of banknotes, coins, or their reproductions by requiring prior authorization. The circular mandates that such reproductions must differ significantly in size from originals, display only one side, and avoid physical resemblance to legal tender to prevent public confusion. It establishes a one-month resolution period for applications and imposes administrative fines of up to 100 million pesetas for non-compliance.
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