PARIS — France continued to mint 10, 20 and 50 cent cash in December regardless of the European Fee warning that their design was not compliant with EU guidelines.
Final month, the Monnaie de Paris, the nation’s mint, continued producing irregular cash for at the very least someday after Brussels informally advised France that these cash couldn’t flow into, in line with French media outlet La Lettre.
The Monnaie de Paris produced the ten, 20 and 50 cent cash with a brand new sample on the finish of final 12 months however later found that the best way the celebrities of the EU flag had been depicted was not compliant with the European Fee’s very exact necessities.
France informally reached out to the Fee in November, earlier than addressing a proper request to approve the brand new design. The Fee informally advised France that the brand new design was not in step with EU guidelines, however the mint had already began producing the cash with out ready for Brussels’ inexperienced gentle, a French financial system ministry official with direct data of the file beforehand advised POLITICO.
Nations are allowed to change the design of the “nationwide” face of euro cash each 15 years, however they want the inexperienced gentle from the Fee in addition to different eurozone governments, which have to be told and have seven days to lift objections. The design of the brand new cash proposed by the French authorities and validated by the Fee continues to be a secret and will probably be unveiled earlier than the spring, the French financial system ministry stated.
The case triggered a blame sport between the monnaie and the federal government.
