Cash usage is down: That’s why Eurozone countries keep producing more coins again

Croatia’s entry into the euro on January 1, 2023 will boost coin production in the common currency area. The European Central Bank (ECB) has authorized the 19 euro countries and Croatia to produce coins for a total volume of almost 2.6 billion euros. This is significantly more than a year earlier.

For 2022, the central bank had promised the 19 countries of the monetary zone the issue of new euro coins for an amount of around 1.8 billion euros, in 2021 it was just under two billion euros, in 2020 a good 2.1 billion euros.

Of the parts production planned for 2023, a volume of 2100.94 million euros is intended for daily use. There are also collector’s items worth 496.18 million euros.

Source link