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Decision of 6 December 2001 laying down rules on the exchange and withdrawal of banknotes by De Nederlandsche Bank N.V. and the information to be provided to the public on this subject (Decision exchange and withdrawal Of banknotes)
We Beatrix, at the grace of God, Queen of the Netherlands, Princess of Orange-Nassau, etc. etc. etc.
On the nomination of our Minister of Finance of 2 August 2001, Generale Theaurie, Executive Board of Financial Markets, FM 2001-01255M, Central Executive Board of Laws, Legal and Administrative Affairs;
Having regard to Article 106 of the Treaty establishing the European Community,
Having regard to Articles 3 and 4 of the Decision of the European Central Bank of 30 August 2001 on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes (ECB/2001/ 7);
Having regard to Article 27, third and fourth paragraph, of the Bankwet 1998 ;
Having heard the opinion of the European Central Bank (opinion of 19 September 2001, CON/2001/26),
Hearing the Council of State (opinion of 25 October 2001, no.W06.01.0424/IV),
Having regard to the further report of the Minister of Finance dated 30 November 2001, Generale Theaurie, Executive Board of Financial Markets, FM2001-1949M, Executive Board of Law, Legal and Administrative Affairs;
Have found good and understand:
Banknotes denominated in guilders are at the times when the offices of De Nederlandsche Bank N.V. have been opened to the public at those offices interchangeable.
Owing to the loss or total or partial destruction of banknotes denominated in guilders it is not necessary to grant a fee by De Nederlandsche Bank N.V.
In this article, banknotes are defined as banknotes denominated in guilders, to which De Nederlandsche Bank N.V. has called upon holders to offer them for exchange by 31 December 2002 with our authorised holders.
2 After 31 December 2002, banknotes are exchanged by De Nederlandsche Bank N.V. after investigations have shown that the application for exchange is reasonably due to be given.
3 The amount of banknotes which are not offered for exchange shall be added to the profits of De Nederlandsche Bank N.V. as follows:
a. As at 31 December 2002, 65% of the banknotes which are not expected to be exchanged for exchange on 1 January 2032 by 31 December 2002 shall be added to the profit for the 2002 financial year;
(b) on 31 December 2007, 90% of the banknotes which are unlikely to be exchanged for exchange on 1 January 2032 by 31 December 2002 shall be reduced by the amount fixed at 31 December 2002 under subparagraph (a) of this Regulation; member added to the profits, added to the profit for the 2007 financial year;
(c) on 31 December 2012, the full amount of the banknotes which have not been offered for exchange on 31 December 2012 shall be reduced by the amounts granted by 31 December 2002 and by 31 December 2007 for items a and b to the other profit added, to the profit of the financial year 2012 added.
4 Banknotes, submitted for exchange between 31 December 2002 and 1 January 2013, shall be charged to the profit and loss account in the cases in the final second paragraph to the extent that the amount of the banknotes to be paid is payable. banknotes exchange the amount of banknotes that have not yet been added to the profits. From 1 January 2013, all banknotes which are offered for exchange shall be replaced by the profit and loss account in the cases in the second paragraph of the second paragraph.
5 With effect from 1 January 2032, the right to advance the exchange of banknotes shall be cancelled.
This article covers banknotes: banknotes denominated in guilders, in respect of which De Nederlandsche Bank N.V. has sued holders with our permission to offer them for exchange within a period which is terminated earlier than on 31 December 2002.
2 After the period referred to in the first paragraph, the banknotes referred to in the relevant summons shall be exchanged by De Nederlandsche Bank N.V. after the investigation has shown that the application for exchange is reasonably due to shall be given.
3 Ten years after the period referred to in the first paragraph, the amount of the banknotes referred to in the relevant summons, which have not been offered for exchange, shall be added to the profits of the Netherlands Bank of the current financial year. Banknotes, which are offered for exchange after the end of this period, shall be charged to the profit and loss account of De Nederlandsche Bank N.V. in the cases in the second paragraph of the second paragraph.
4 After 30 years since the end of the period referred to in the first paragraph, the right to exchange the banknotes referred to in the appeal concerned shall be entitled to lapse.
Banknotes denominated in euro are at the times when the offices of De Nederlandsche Bank N.V. are opened to the public at those offices interchangeable.
1 Due to the loss of banknotes denominated in euro, no fee is granted by De Nederlandsche Bank N.V.
2 For the purpose of the destruction of banknotes denominated in euro and in accordance with the rules set out by the European Central Bank in its Decision of 30 August 2009, the Netherlands Bank SA shall be reimbursed by De Nederlandsche Bank. 2001 on the denominations, specifications, reproduction, exchange and withdrawal of euro banknotes (ECB/2001/ 7).
Banknotes denominated in euro shall be withdrawn from circulation in accordance with the rules set out by the European Central Bank in its Decision of 30 August 2001 on denominations, specifications, reproduction, replacement and replacement of banknotes circulation of euro banknotes (ECB/2001/ 7).
The Decision of 27 July 1998 laying down rules relating to the exchange and withdrawal of banknotes by De Nederlandsche Bank N.V. and the information to be provided to the public is hereby repealed.
This Decision shall enter into force with effect from 1 January 2002, with the exception of Article 8 , which shall enter into force with effect from 28 January 2002.
This decision may be referred to as the change and withdrawal of banknotes.
Charges and orders that this Decision be placed with the corresponding note of notes in the Official Journal.
-Gravenhage, 6 December 2001
Beatrix
The Minister of Finance,
G. Zalm
Published on 21 December 2001The Minister of Justice,
A. H. Korthals
