Point two of Article 105 A of the Treaty on European Union; Council Regulation (EC) No 1103/97 of 17 June 1997 on certain provisions relating to the introduction of the euro; Regulation (EC) No 103/97 974/98 of the Council of 3 May on the introduction of the euro; Council Regulation (EC) No 975/98 of 3 May on the nominal values and technical specifications of euro coins intended for circulation represented the basic Community acquis of the European Monetary System. Subsequently, Council Regulation (EC) No 423/1999 of 22 February 1999 amended Regulation (EC) No 975/98 as regards the weight of the 50 cent coin. and the singing of the coins of 10 and 50 cents. On 7 June 2005, the Council of the European Union decided that the common faces of the 10, 20 and 50 cent euro coins and 1 and 2 euro coins currently represented by the European Union before the enlargement of 15 to 25 Member States in 2004, should be amended to ensure that all Member States of the European Union are represented. The common faces of the smaller denomination, 1, 2 and 5 cent coins, which represent Europe in the world, are not affected as a result of the enlargement of the European Union, maintaining its current design. On 19 September 2006, the new common faces of euro coins intended for circulation have been published in the Official Journal of the European Union. The Member States of the current euro area may start to use the new common face of the parts set out in the preceding paragraph in their emissions from 2007 and, in any case, must pass on to the new common faces in the euro area. 2008, at the latest. However, the coins issued with the design of the previous common face as set out in the order of 23 March 1999, agreeing to issue, minting and putting into circulation the first series of euro coins, will maintain the course legal position since, the changes of the common face will only affect the future manufacture of currency. Finally, Article 4 of Law 10/1975, of 12 March, of Regulation of Metal Currency, in the wording given by Law 12/1998, of 28 April, amending Law 13/1994, of 1 June, of Autonomy of the Banco de España, attributes to the Ministry of Economy and Finance the competition to agree the coin coin coin. In its virtue, I have:

Article 1. Scope of application.

Without prejudice to Article 105 A (2) of the Treaty on European Union, the issuance, minting and putting into circulation of the euro coins corresponding to the following facial values shall be agreed: 1 and 2. Euros; 1, 2, 5, 10, 20 and 50 cents. (eurocents or euro cents).

Article 2. Technical characteristics.

The coins shall be minted in accordance with the technical specifications contained in Council Regulation (EC) No 975/98 of 3 May 1998 in Council Regulation (EC) No 423/1999 of 22 February 1999, relating to the nominal values and the technical specifications of the euro coins intended for circulation.

Article 3. Legends and motifs of the coins.

The legends and reasons for the verses and verses of these coins will be the following: Coins of 1 and 2 Euros. The motifs are distributed in two zones of different alloy and color as they are bimetallic coins. In the coin of a euro, the color of the outer circular crown is yellow gold and the white interior silver. In the coin of two euros, the color of the outer circular crown is white silver and the interior yellow gold.

In the Spanish anverses of both coins, in the central zone, the bust of S.M. el Rey, D. Juan Carlos I, appears; on the left is a sector of crown in which the word SPAIN (in capital letters) appears in form; low This sector appears to be the ECSC mark. In the outer ring of the coin, the twelve stars of the European Union appear, four of them (the corresponding to the 1, 2, 3 and 4 hours of the dial of a clock), they are incubated in a field. Also, the year of minting appears at the bottom, with a star in the center separating the four digits into two groups. On the common reverse of the 1 and 2 euro coins, on the left side are the figures representing the value of the coin. On the right hand side appear, from one end to the other, six vertical lines in which twelve stars overlap, each star being situated next to the ends of each line. On the right side is also a representation of the European continent. The right side of this representation is superimposed on the central part of the lines. The word EURO (in capital letters) is superimposed horizontally in the right center of the common face. Below the O of the word EURO, the initials of the engraver, in capital letters, (LL), along the edge of the right side of the coin, are shown.

Coins of 1, 2, and 5 cents.

In the Spanish front of these coins, in the central part of them, appears the Cathedral of Santiago de Compostela; on the left, in circular sense and from below the word SPAIN, to the right the brand CECA and between the towers, the year of minting.

Surrounding the whole set appear the twelve stars of the European Union, five of which (the corresponding to 8, 9, 10, 11 and 12 hours of the dial of a clock) are incubated in a sector of corona. The common reverse of these currencies, which represent Europe in the world, is not affected in its design, as a result of the enlargement of the European Union, so its description is as follows: on the left side of the field, the value of the face of each coin 1, 2 and 5 respectively; at the top, the words EURO and CENT on two lines and in capital letters, and occupying the rest of the field, appears a globe and six oblique and parallel lines, in which, near each one of its ends, there is a five-pointed star. The colour of these coins will be charged.

Coins of 10, 20 and 50 cents.

In the Spanish front of these coins, in the center to the right, the bust of D. Miguel de Cervantes Saavedra appears; on the left, in circular sense and next to a schematized pen, the name CERVantes, in capital letters. The word SPAIN appears in uppercase letters above and in a horizontal direction. Under the bust of Cervantes appears the year of coinage and to the left of the date, the brand of CECA.

Surrounding the whole set appear the twelve stars of the European Union, four of which (corresponding to the 12, 1, 2, and 3 hours of the dial of a clock), are incubated in a sector of corona. In the common reverse of these coins, on the right side, figures represent the face value of the coin. Below the figures are horizontally the words EURO and CENT, the second being below the first and both in capital letters. The word CENT appears in larger letters, being of even greater size the initial C. On the left side appear, from one end to the other, six vertical lines in which twelve stars overlap, each one being situated next to the ends of each line. In the central and upper part of these lines, a representation of the European continent is superimposed. Between the figures and the edge of the right side of the coin, the initials of the recorder are shown in upper case (LL). The color of these coins will be gold yellow.

Article 4. Initial date of issue and entry into circulation.

The issuance and circulation of these coins will be from January 1, 2007.

Article 5. The release of coins.

These coins will be admitted without limitation in public boxes, and among individuals, in accordance with Article 11 of the reiterated Regulation (EC) number 974/98, no one will be obliged to accept more than fifty coins in each payment.

Article 6. Relations between the Directorate General of the Treasury and Financial Policy, the Banco de España and the National Mint and Timbre-Real Casa de la Moneda: general procedure for the minting and putting into circulation of metallic coins.

1. The coins will be minted, on behalf of the State, in the National Mint and Timbre-Real Casa de la Moneda, which will deliver them to the Banco de España as its manufacturing capacity permits. The Banco de España shall bring these coins into circulation, taking into account the needs of the market, but until the actual entry into circulation or its preliminary action is initiated, the coins shall remain in storage at the factory. National of Currency and Timbre-Real Casa de la Moneda, at the disposal of the Directorate General of the Treasury and Financial Policy.

2. The Directorate General of the Treasury and Financial Policy, the National Mint and the Bank of Spain, and the Banco de España will agree on the formalities and documents that will accompany the deliveries of metallic coins to the latter by of the National Mint and Timbre, which will serve as a justification for their respective accounts. 3. The credits made by the Banco de España to the Directorate General of the Treasury and Financial Policy for the circulation of coins shall be based on the concept "Net circulation", which will be the result of discounting the facial value of the coin removed from the face value of the coin put into circulation. A positive net circulation shall entail the payment to the Treasury of that amount, which shall apply to the concept of non-budgetary creditors to be determined by the General Intervention of the State Administration. Conversely, a negative net circulation shall entail the charge to the Treasury of that amount for the said non-budgetary concept. On the first working day of each month, the Banco de España shall draw up an accounting summary reflecting the movement of metallic coins received in deposit, put into circulation and withdrawn during the calendar month immediately preceding it. Except for the month of December of each year, in which the summary shall be closed on the last working day of the first fortnight. On the day following the issue of the monthly summary, the Banco de España shall pay or owe the current account of the Treasury in the Bank for the net amount resulting from that summary, as set out in the preceding paragraph. 4. If it is not possible to make the payment to the Banco de España referred to in the previous point, this amount shall be satisfied as a refund of undue income, with application to the concept " Benefit of minting of the State Revenue Budget. If it is not yet possible to make such a payment, the difference will be met by the appropriations that are provided in the State Expenditure Budget. 5. The Directorate-General for the Treasury and Financial Policy shall, at the end of each financial year, order the final application of revenue from the metallic currency. 6. The Banco de España shall show on its balance sheets, with the separation of the other accounts that may affect the same material, the situation of the metallic coin that it receives as a deposit for its subsequent entry into circulation. 7. The Bank of Spain shall forward to the Directorate-General of the Treasury and Financial Policy the information it requests, in order to obtain adequate knowledge of the accounts indicated at this point. The monthly summaries and revenue and charges resulting from the same will be reflected in the quarterly account that the Banco de España has to pay to the aforementioned Directorate General, in accordance with the provisions of article 6 of Law 10/1975, of 12 of March, of Regulation of the Metal Currency.

Article 7. Measures for the implementation of the Order.

The Directorate-General of the Treasury and Financial Policy will adopt the measures that are necessary for the implementation of this Order, acting as a consultative body a follow-up committee, composed of representatives of the aforementioned Directorate-General of the Bank of Spain and the National Currency and Timbre Factory.

Single transient arrangement. Coins in circulation.

The euro coins in circulation at the entry into force of this order and the coins in deposit minted in advance of the provisions of this order shall maintain their legal tender and the value of their release.

Single repeal provision. Regulatory repeal.

The Order of 23 March 1999 for the issuance, minting and putting into circulation of the first series of euro coins of 1, 2, 5, 10, 20 and 50 cents is hereby repealed. 1 and 2 euros.

Single end disposition. Entry into force.

This provision shall enter into force on 1 January 2007.

Madrid, December 14, 2006. -Deputy Prime Minister of the Government and Minister of Economy and Finance, Pedro Solbes Mira.