Andorra has a monetary agreement with the EU allowing it to make the euro its official currency, and permitting it to issue euro coins from 1 July 2013.[1] They planned to issue their first coins by March or April 2014.[2] On 23 December 2014, coins were delivered for pre-booked customers at the Government Administration Building, and actual circulation began on 15 January 2015.[3]
Andorra did not have an official currency before adopting the euro, and unlike its two larger neighbours, France and Spain, which surround it, it is not a member of the EU.
In the 20th century, both the French franc and Spanish peseta were used and accepted in Andorra, but the peseta was more widespread[4] with government budgets, salaries and bank deposits mostly being in pesetas. When those two currencies were replaced by the euro between 1999 and 2002, the euro became the sole currency in Andorra.
Unlike the three other European microstates outside of the EU, Monaco, San Marino and the Vatican City, which adopted the euro when it was introduced, Andorra did not conclude a monetary agreement with the EU but rather used it unilaterally. These agreements gave the three microstates the right to issue their own euro coins, which have a common design on one side, and a national-specific side on the other. As with coins minted in other eurozone states, the microstate coins are valid across the eurozone; however they do not gain representation on the euro's governing bodies, the European Central Bank (ECB) and the Eurogroup. In 2003 Andorra requested that the EU conclude a monetary agreement with it which would give it the right to mint its own coins.
Currency agreements
In 2004 the Council of the European Union adopted its negotiating position with Andorra. Following Andorra's agreement to abide by Council Directive 2003/48/EC on taxation of savings income in the form of interest payments, the Commission recommended opening negotiations.[5] Negotiations were expected to be concluded by 2008,[6][7] but were repeatedly stalled due in part to poor relations stemming from Andorra's tax haven status. A monetary agreement was eventually agreed to by Andorra and the EU in February 2011,[8] and the agreement was signed on 30 June 2011.[1] After the agreement came into force on 1 April 2012,[9] the euro became Andorra's official currency. Andorra would have been permitted to issue up to 2.4 million euro coins from 1 July 2013 onwards provided that it complied with the agreement's terms.[10][11]
In October 2012, Jordi Cinca, Andorra's Minister of Finance, stated that 1 January 2014 was a more likely date to start issuing euros due to delays in adopting the legislation required by the monetary agreement.[12] In February 2013, the Director of the Mint of Andorra Jordi Puigdemasa confirmed that Andorra would not begin issuing euros until 1 January 2014.[13][14] However, the EU did not approve the minting of the coins until December 2013, thus their release was delayed.[15] Minister of Culture Stephen Albert was optimistic that the coins would be circulating by March or April 2014.[2] By May, with still no euros issued, Cinca said that they had again been delayed but would be in circulation by the end of 2014. He cited complications from having the minting of the coins being split between the French and Spanish mints, and efforts to ensure that the coins made it into circulation, rather than to collectors, for the delay.[16] The currency of the 2014 vintage presented on December 23, 2014 was all coined in Spain. France was instead awarded the minting order in 2015. The actual circulation began on 15 January 2015.[3]
Coin design
A design competition for the national side of the euro coins was launched on 19 March 2013, with a deadline of 16 April.[13][17] The winning designs were announced on 16 May and depict a pyrenean chamois on the 1, 2 and 5 euro cent pieces, the Church of Santa Coloma and a depiction of Christ from the church Sant Martí de la Cortinada on the 10, 20, and 50 euro cent pieces, and Casa de la Vall on the 1 euro piece. The government had previously decided that the Coat of arms of Andorra would be featured on the 2 euro piece.[18] Final approval of the coins was in late June, at which point they were forwarded to the EU for their consent.[18] In August, a spokesperson for Cinca confirmed that the design of the 10, 20 and 50 euro cent pieces had been modified to remove the depiction of Christ due to objections from the European Commission on the grounds of religious neutrality.[19][20]
^The political status of Kosovo is disputed. Having unilaterally declared independence from Serbia in 2008, Kosovo is formally recognised as an independent state by 101 UN member states (with another 13 states recognising it at some point but then withdrawing their recognition) and 92 states not recognizing it, while Serbia continues to claim it as part of its own territory.
^"Agreements on monetary relations (Monaco, San Marino, the Vatican and Andorra)". EurLex.
^"Punt de Trobada i Hiper tancaran dissabtes a les deu" (in Catalan).[permanent dead link]
^"Andorra - Informationen zu künftigen Euromünzen und der Einführung des Euro;" (in German).. See also: M. Maresceau, "The relations between the EU and Andorra, San Marino and Monaco" in A. Dashwood & M. Maresceau (eds.), Law and Practice of EU External Relations, Cambridge, Cambridge University Press, 2008, 270-307, p. 299-300
^"L'acord monetari entre Andorra i la Unió Europea se signarà d'ací a pocs dies" (in Catalan). 2011-06-06. Retrieved 2011-06-14.
^"The euro outside the euro area". Europa (web portal). Retrieved 26 February 2011.
^ (in Catalan). Archived from the original on 2013-05-11. Retrieved 2013-07-08.
^"L'acord monetari, el camí cap l'espai econòmic adaptat als microestats" (in Catalan).
^. 2012-10-03. Archived from the original on 2014-11-01. Retrieved 2012-11-23.
^ ab. Andorra Mint. 2013-03-19. Archived from the original on 2013-08-22. Retrieved 2013-03-26.
^ (in French). 2013-02-01. Archived from the original on 2013-10-04. Retrieved 2013-02-02.
^Poy, Ricard (2013-12-11). . Diari d'Andorra. Archived from the original on 2013-12-18. Retrieved 2013-12-19.
^. Diari d'Andorra. 2014-05-29. Archived from the original on 2014-08-14. Retrieved 2014-07-25.
^ (in Catalan). 2013-03-19. Archived from the original on 2013-05-13. Retrieved 2013-03-26.
^ ab"La Casa de la Vall, el Pantocràtor romànic i un isard, les imatges escollides pels euros andorrans". Government of Andorra. 2013-05-16. Retrieved 2013-05-18.
^Castillo, Gerard (2013-08-15). . Diari Andorra. Archived from the original on 2013-09-29. Retrieved 2013-08-15.
^"Andorra no tendrá la imagen del Pantocrátor en sus euros". ABC. 2013-08-15. Retrieved 2013-09-02.
^"Euros andorrans". Govern d'Andorra. Retrieved 24 December 2014.
^"TIRATURA EUROMONETE ANDORRA" [Mintage quantities of Andorran Euro coins]. eurocollezione.altervista.org (in Italian). Retrieved 27 April 2020.
External links
European Central Bank – Andorra
January 20, 2023
andorra, euro, andorra, monetary, agreement, with, allowing, make, euro, official, currency, permitting, issue, euro, coins, from, july, 2013, they, planned, issue, their, first, coins, march, april, 2014, december, 2014, coins, were, delivered, booked, custom. Andorra has a monetary agreement with the EU allowing it to make the euro its official currency and permitting it to issue euro coins from 1 July 2013 1 They planned to issue their first coins by March or April 2014 2 On 23 December 2014 coins were delivered for pre booked customers at the Government Administration Building and actual circulation began on 15 January 2015 3 Eurozone participation European Union EU member states 20 in the eurozone 1 in ERM II without opt out Bulgaria 1 in ERM II with an opt out Denmark 5 not in ERM II but obliged to join the eurozone on meeting convergence criteria Czech Republic Hungary Poland Romania and Sweden Non EU member territories 4 using the euro with a monetary agreement Andorra Monaco San Marino and Vatican City 2 using the euro unilaterally Kosovo a and Montenegro vte Contents 1 Background 2 Currency agreements 3 Coin design 4 Circulating mintage quantities 4 1 Mints 5 See also 6 Notes 7 References 8 External linksBackground EditAndorra did not have an official currency before adopting the euro and unlike its two larger neighbours France and Spain which surround it it is not a member of the EU In the 20th century both the French franc and Spanish peseta were used and accepted in Andorra but the peseta was more widespread 4 with government budgets salaries and bank deposits mostly being in pesetas When those two currencies were replaced by the euro between 1999 and 2002 the euro became the sole currency in Andorra Unlike the three other European microstates outside of the EU Monaco San Marino and the Vatican City which adopted the euro when it was introduced Andorra did not conclude a monetary agreement with the EU but rather used it unilaterally These agreements gave the three microstates the right to issue their own euro coins which have a common design on one side and a national specific side on the other As with coins minted in other eurozone states the microstate coins are valid across the eurozone however they do not gain representation on the euro s governing bodies the European Central Bank ECB and the Eurogroup In 2003 Andorra requested that the EU conclude a monetary agreement with it which would give it the right to mint its own coins Currency agreements EditIn 2004 the Council of the European Union adopted its negotiating position with Andorra Following Andorra s agreement to abide by Council Directive 2003 48 EC on taxation of savings income in the form of interest payments the Commission recommended opening negotiations 5 Negotiations were expected to be concluded by 2008 6 7 but were repeatedly stalled due in part to poor relations stemming from Andorra s tax haven status A monetary agreement was eventually agreed to by Andorra and the EU in February 2011 8 and the agreement was signed on 30 June 2011 1 After the agreement came into force on 1 April 2012 9 the euro became Andorra s official currency Andorra would have been permitted to issue up to 2 4 million euro coins from 1 July 2013 onwards provided that it complied with the agreement s terms 10 11 In October 2012 Jordi Cinca Andorra s Minister of Finance stated that 1 January 2014 was a more likely date to start issuing euros due to delays in adopting the legislation required by the monetary agreement 12 In February 2013 the Director of the Mint of Andorra Jordi Puigdemasa confirmed that Andorra would not begin issuing euros until 1 January 2014 13 14 However the EU did not approve the minting of the coins until December 2013 thus their release was delayed 15 Minister of Culture Stephen Albert was optimistic that the coins would be circulating by March or April 2014 2 By May with still no euros issued Cinca said that they had again been delayed but would be in circulation by the end of 2014 He cited complications from having the minting of the coins being split between the French and Spanish mints and efforts to ensure that the coins made it into circulation rather than to collectors for the delay 16 The currency of the 2014 vintage presented on December 23 2014 was all coined in Spain France was instead awarded the minting order in 2015 The actual circulation began on 15 January 2015 3 Coin design EditA design competition for the national side of the euro coins was launched on 19 March 2013 with a deadline of 16 April 13 17 The winning designs were announced on 16 May and depict a pyrenean chamois on the 1 2 and 5 euro cent pieces the Church of Santa Coloma and a depiction of Christ from the church Sant Marti de la Cortinada on the 10 20 and 50 euro cent pieces and Casa de la Vall on the 1 euro piece The government had previously decided that the Coat of arms of Andorra would be featured on the 2 euro piece 18 Final approval of the coins was in late June at which point they were forwarded to the EU for their consent 18 In August a spokesperson for Cinca confirmed that the design of the 10 20 and 50 euro cent pieces had been modified to remove the depiction of Christ due to objections from the European Commission on the grounds of religious neutrality 19 20 Depiction of Andorran euro coinage Obverse side 0 01 0 02 0 05 A Pyrenean chamois 0 10 0 20 0 50The Church of Santa Coloma 1 00 2 00 2 Coin Edge for a total of 12 starsThe Casa de la Vall The Coat of arms of AndorraCirculating mintage quantities EditFace Value 21 22 0 01 0 02 0 05 0 10 0 20 0 50 1 00 2 00 2 00CC2014 60 000 60 000 860 000 860 000 860 000 340 000 511 843 360 000 2015 200 000 2016 2 339 200 2017 2 582 395 1 515 000 2 191 421 1 103 000 1 213 000 968 800 794 588 2018 3 430 000 2 550 000 1 800 000 980 000 1 014 000 890 000 868 000 2019 Small quantities minted for sets only No coins were minted that year for that denomination Data not available yetCC Commemorative coinsMints Edit 2014 2016 2018 Spain 2015 2017 FranceSee also Edit Andorra portal Money portal Numismatics portalAndorra European Union relationsNotes Edit The political status of Kosovo is disputed Having unilaterally declared independence from Serbia in 2008 Kosovo is formally recognised as an independent state by 101 UN member states with another 13 states recognising it at some point but then withdrawing their recognition and 92 states not recognizing it while Serbia continues to claim it as part of its own territory References Edit a b Monetary Agreement between the European Union and the Principality of Andorra Official Journal of the European Union 2011 12 17 Retrieved 2012 09 08 a b De les peces de coure a l euro propi el proces d emissio de moneda a Andorra Bondia 2013 12 17 Retrieved 2013 12 17 a b Els sets estandard de monedes d euro andorranes es podran sol licitar a partir d aquest dimarts a la tarda in Catalan http www ub edu ubeconomics wp content uploads 2014 12 317 WEB pdf bare URL PDF Agreements on monetary relations Monaco San Marino the Vatican and Andorra EurLex Punt de Trobada i Hiper tancaran dissabtes a les deu in Catalan permanent dead link Andorra Informationen zu kunftigen Euromunzen und der Einfuhrung des Euro in German See also M Maresceau The relations between the EU and Andorra San Marino and Monaco in A Dashwood amp M Maresceau eds Law and Practice of EU External Relations Cambridge Cambridge University Press 2008 270 307 p 299 300 L acord monetari entre Andorra i la Unio Europea se signara d aci a pocs dies in Catalan 2011 06 06 Retrieved 2011 06 14 The euro outside the euro area Europa web portal Retrieved 26 February 2011 Marti rubrica l acord monetari que permet encunyar euros propis in Catalan Archived from the original on 2013 05 11 Retrieved 2013 07 08 L acord monetari el cami cap l espai economic adaptat als microestats in Catalan Cinca preveu que Andorra pugui comencar a emetre euros el gener del 2014 2012 10 03 Archived from the original on 2014 11 01 Retrieved 2012 11 23 a b The government announces a contest for the design of the Andorran euros Andorra Mint 2013 03 19 Archived from the original on 2013 08 22 Retrieved 2013 03 26 Nouvelles d Andorre in French 2013 02 01 Archived from the original on 2013 10 04 Retrieved 2013 02 02 Poy Ricard 2013 12 11 Govern fixara limits per a l adquisicio dels euros andorrans Diari d Andorra Archived from the original on 2013 12 18 Retrieved 2013 12 19 Govern torna a rellancar el projecte de regulacio del registre de patents Diari d Andorra 2014 05 29 Archived from the original on 2014 08 14 Retrieved 2014 07 25 El Govern convoca un concurs public nacional per al disseny de l euro andorra in Catalan 2013 03 19 Archived from the original on 2013 05 13 Retrieved 2013 03 26 a b La Casa de la Vall el Pantocrator romanic i un isard les imatges escollides pels euros andorrans Government of Andorra 2013 05 16 Retrieved 2013 05 18 Castillo Gerard 2013 08 15 Govern admet que va canviar el disseny de l euro a instancies de la UE Diari Andorra Archived from the original on 2013 09 29 Retrieved 2013 08 15 Andorra no tendra la imagen del Pantocrator en sus euros ABC 2013 08 15 Retrieved 2013 09 02 Euros andorrans Govern d Andorra Retrieved 24 December 2014 TIRATURA EUROMONETE ANDORRA Mintage quantities of Andorran Euro coins eurocollezione altervista org in Italian Retrieved 27 April 2020 External links EditEuropean Central Bank Andorra Retrieved from https en wikipedia org w index php title Andorra and the euro amp oldid 1131953974, wikipedia, wiki, book, books, library,
