Muntwet 2002

Original Language Title: Muntwet 2002

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Act of 29 November 2001 establishing the Dutch monetary system in connection with the introduction of the euro cash (Muntwet 2002)

We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.

All of them, who will see or hear these, saluut! do know:

In this regard, we have taken into consideration that, as a result of the introduction of the euro cash changeover from 1 January 2002 and in order to implement the provisions of the Treaty establishing the European Community, Article 106 of the Constitution (i) it is desirable to replace the 1987 Muntwet with a new legal system of the Dutch currency system;

In this way, we, the Council of State, and with the mean consultations of the States-General, have been well-regarded and understood to be right and to be understood by the following:


Article 1

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For the purposes of applying the provisions laid down in or pursuant to this Law, the following definitions shall apply:

  • a. Our Minister: Our Minister of Finance;

  • b. Euro coins: the euro coins referred to in Article 1 of Regulation (EC) No 148/EC 975/98 of the Council of the European Union of 3 May 1998 on the denominations and technical specifications of euro coins intended for circulation (PbEG L 139);

  • c. Dutch euro coins: the euro coins issued by the State of the Netherlands in accordance with Article 11 of Regulation (EC) No 148/EC 974/98 of the Council of the European Union of 3 May 1998 on the introduction of the euro (PbEG L 139);

  • d. Regulation for counterfeiting: Regulation (EC) No 248/ (EC) No 1338/2001 of the Council of the European Union of 28 June 2001 laying down measures necessary for the protection of the euro against counterfeiting (OJ 2001 L 181);

  • Regulation (EU) No 1210/2010 of the European Parliament and of the Council of 15 December 2010 on the authentication of euro coins and the handling of euro coins unfit for authenticity for circulation (PbEU 2010, L 339).


Article 2

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The coins issued by the State of the Netherlands are Dutch euro coins, special coins with the status of legal tender, investment coins and coins without the status of legal tender.


Article 3

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  • 1 The constituents of the figurines of the national sides of the Dutch euro coins are determined by Royal Decree.

  • 2 The coins referred to in paragraph 1 shall in any case bear the image and the name of the King (Queen) and the words: King (Queen) of the Netherlands.

  • 3 In the context of a European commemorative theme, a derogation from the second paragraph may be made in respect of the euro coins of the Netherlands.


Article 4

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  • 1 The denominations of the special coins with the status of legal tender, the materials from which these coins are manufactured, the weights and dimensions, and the amounts up to which they have legal tender status, shall be adopted by means of a general measure of management.

  • 2 The components of the figurines of the coins referred to in paragraph 1 shall be determined by Royal Decree. In any case, these coins bear the image and the name of the King, with the words: King (Queen) of the Netherlands, and on the flip side the value signifty.


Article 4a

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  • 1 Investment Coins are:

    • a. A gold coin of two hundred and fifty-euro with a gold content of 999,9 thousandth, a weight of 31,103 grams with a maximum deviation of 0,093 g and a midline of 37,0 millimetres, with a maximum deviation of 0,10 millimetres;

    • b. A hundred-euro gold coin with a gold content of 999,9 thousandth, a weight of 15,552 grams with a deviation of not more than 0,078 g and a midline of 28,0 millimetres, with a maximum deviation of 0,10 millimetres;

    • c. A fifty-euro gold coin with a gold content of 999,9 thousandth, a weight of 7,776 grams with a tolerance of not more than 0,062 g and a diameter of 22,0 millimetres, with a maximum deviation of 0,10 millimetres;

    • d. A twenty-fifth-euro gold coin with a gold content of 999,9 thousandth, a weight of 3,110 grams with a maximum deviation of 0,037 g and a midline of 16.0 millimetres, with a deviation of not more than 0,10 millimetres;

    • e. a two-and-a-half-euro silver coin with a silver content of 999 thousandth, a weight of 31.103 grams with a maximum deviation of 0,25 g or less and a midline of 37,0 millimetres with a maximum deviation of 0.10 millimetres.

  • 2 The image of the investment coins is in the front the image and the name of the King (Queen) with the words "King (Queen) of the Netherlands" and on the reverse the Carded bicycle coat with below the text "The Netherlands", the value indication, the precious metal content, the year of issue, the sign of the Royal Dutch Mint and the sign of the Muntmeester.

  • 3 The investment coins have a ribbed edge.


Article 5

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  • 1 Coins without the status of legal tender are as follows:

    • a. The gold ducat;

    • b. The double gold ducat;

    • c. The silver ducat.

  • 2 The gold ducate has a gold content of 983 thousandth, a weight of 3,494 grams with a tolerance of up to four thousandth and a midline of 21 millimetres.

  • 3 The double gold ducate has a gold content of 983 thousandth, a weight of 6,988 grams with a deviation of up to four thousandth and a diameter of 26 millimetres.

  • 4 The image of the golden ducat and the double gold ducat is on the front a harndest man between the figures of the year, with the caption: CONCORDIA RES PARVAE CRESCUNT, the sign of the Royal Dutch Mint and the sign of the coin-master: the image is on the flip side inside an adorned square: MO. AUR REG. BELGII AD LEGEM IMPERII. The coins are equipped with a cable edge.

  • 5 The silver ducat has a silver content of 873 thousandth, a weight of 28.25 grams with a maximum deviation of five thousandth and a diameter of 40 millimetres.

  • 6 The image of the silver ducat is either on the front or a harndest man with the Rijksweapon for the left leg and imprinted: MO.NO.ARG.REG.BELGII, either a harndest man with the coat of arms of a Dutch province for the left leg and marked: MO.NO.ARG.REG.BELGII and the name of the province; on the reverse is the State coat of arms with the Royal Crown between the figures of the year, with the marking: CONCORDIA RES PARVAE CRESCUNT, the sign of the Royal Dutch Coin and the Mark of the Coin Master.


Article 6

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  • 1 The coins intended in Article 2 , are manufactured exclusively by the State of the Netherlands and issued exclusively by the State of the Netherlands.

  • 2 The contract referred to in paragraph 1 shall be awarded under the control that the security measures necessary for the manufacture of coins are complied with.

  • 3 The contract referred to in paragraph 1 shall be awarded in accordance with Article 128, second paragraph, of the Treaty on the Functioning of the European Union.


Article 6a

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  • 1 The general manager of the Royal Dutch Mint conducts the title Muntmeester.

  • 2 Coins produced in the Royal Netherlands ' Munt, commissioned by the State of the Netherlands, are provided with the sign of the Royal Dutch Mint and the sign of the Muntmeester.

  • 3 The sign of the Royal Dutch Mint and the sign of the Muntmaster are laid down by ministerial arrangement.


Article 7

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In the case of a ministerial arrangement, the outer conversion and the exchange of extra-set special coins as referred to in Article 4 (2) shall apply. Article 4 -It's settled.


Article 8

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  • 1 No one is held to adopt counterfeit or counterfeit coins.

  • 2 coins and coins intended for use in the euro area Articles 4 , 4a and 5 which are suspected of being counterfeit or falsified, may be submitted to an authority to be designated by Our Minister for review.

  • 3 If, in the opinion of the body referred to in paragraph 2, the coins are false or falsified, they shall be seized. If, in the opinion of that body, the coins are not false or falsified:

    • a. becomes of euro coins or coins as intended Article 4 reimbursement of the nominal value;

    • b. becomes of coins intended to be used in the Article 5 the physical value shall be reimbursed or returned to the State in which they were received.

  • 4 Our Minister may lay down rules on the assessment referred to in the second paragraph.


Article 9

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  • 1 Euro coins and special coins with the status of legal tender which are unfit for circulation may be handed over to the Article 8, second paragraph , designated authority.

  • 2 The body referred to in paragraph 1 shall refuse to receive coins if the reception or treatment of such coins presents a risk to the health of the treating staff.

  • 3 Under ministerial arrangements, rules may be laid down concerning the packaging and delivery of the coins referred to in the first paragraph.

  • 4 The body referred to in paragraph 1 shall reimburse the nominal value of the coins surrendered pursuant to the first paragraph.

  • 5 By ministerial arrangement rules are laid down regarding the handling fee provided for in Article 9 of the Regulation for authenticity and fitness checking euro coins, on the nominal value of the coins which are to be reimbursed in the form of a refund. shall be deducted.

  • 6 The value of coins which have been modified intentionally or have undergone an operation which is reasonably expected to change the currency shall not be reimbursed.


Article 10

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  • 1 With a view to monitoring compliance with Article 6 (1) of the Regulation in so far as that Article relates to euro coins, and to Articles 3, first and second paragraphs, and Article 4, first paragraph, of the Regulation The use of euro coins for fitness checking shall be subject to the responsibility of the persons designated by the decision of De Nederlandsche Bank N.V.

  • 2 Of a decision referred to in paragraph 1 shall be communicated by the State Official Gazette.


Article 11

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  • 1 De Nederlandsche Bank N.V. is responsible for imposing a charge on the penalty payment in order to maintain:

    • (a) Article 6, first paragraph, of the Regulation for counterfeiting, in so far as that Article relates to euro coins;

    • (b) Articles 3, first and second paragraphs, and 4, first paragraph, of the Regulation on authenticity and fitness checking euro coins;

    • c. Article 5:20 of the General Administrative Law .

  • 2 De Nederlandsche Bank N.V. shall also be responsible for the imposition of an administrative fine on infringements of the articles referred to in paragraph 1.

  • 3 The amount of the administrative penalty to be imposed shall be determined by the general measure of management, except that the administrative penalty for a separate infringement shall not exceed € 50 000. If no five years have elapsed since the offence has been committed since the imposition of an administrative fine on the offender for the same offence, the amount of the administrative penalty, as referred to in the first sentence, shall be paid, doubled for a separate violation.

  • 4 If an objection or appeal is lodged against a decision to impose an administrative fine, it shall suspend the obligation to pay the fine until the period of appeal has expired or, if appeal has been lodged, the appeal has been decided. The suspension of the obligation to pay does not suspend the calculation of statutory interest.


Article 12

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This Law shall enter into force on a date to be determined by Royal Decree.


Article 13

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This law is cited as: Muntwet 2002.

Burdens and orders that it will be placed in the Official Gazette, and that all ministries, authorities, colleges and officials who so concern will keep their hands on the precise introduction.

Issued in Gravenhage, 29 November 2001

Beatrix

The Secretary of State for Finance,

W. J. Bos

Published on the 20th of December 2001

The Minister of Justice,

A. H. Korthals