Council Regulation (EC) No 974/98 (3 May 1998)

The euro is the currency of account of the European Central Bank (ECB) and of the central banks of the participating Member States. Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro, establishes that, with effect from 1 January 2002, the ECB and the central banks of the participating Member States place euro notes and coins into circulation. These notes and coins become the only legal tender in the Member States six months after the expiry of the transitional period at the latest.

Source and copyright

Source: Official Journal of the European Communities (OJEC). 11.05.1998, n° L 139. [s.l.].

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