Order ECC/2049/2014 of 27 October, which agrees to issue, minting and putting into circulation coins intended for circulation of 1 and 2 euro, will reproduce the scheme of the accounting movements with origin in the issuance and minting and putting into circulation of the metallic coin, which has been applied for several decades.

However, the accounting and budgetary treatment of the metallic coin has been revised in recent years. With the entry into force of Law 36/2014 of 26 December of the General State Budget for 2015, the minting costs are passed on to the Budget of Expenditure on the budgetary concepts that are determined, which makes it necessary a redefinition of the accounting relationships and the adaptation to the new established scheme.

The Resolution of 10 March 2015, of the General Intervention of the State Administration, which amends the one of 17 November 2011, approving the adaptation of the General Plan of Public Accounting to the The General Administration of the State introduces in paragraphs two and three of its only article various modifications in the table of accounts affecting the costs of minting and the metallic coin issued pending to be applied to the Budget, thus as in the definitions and accounting relationships of the same nature.

For this reason it is necessary to redraft Article 7 on the accounting application in order to bring it into line with the new system. It is also used to improve regulation from a regulatory technical point of view by incorporating in Article 6 part of the content of the previous Article 7.

In its virtue, I have:

First. Amendment of Article 6 of Order EHA/2049/2014 of 27 October, agreeing to issue, minting and putting into circulation coins intended for circulation of 1 and 2 euro.

Article 6 of Order EHA/2049/2014 of 27 October 2014, which provides for the issuance, minting and putting into circulation of coins intended for circulation of 1 and 2 euro, is hereby amended as follows: terms:

" Article 6. Relations between the General Secretariat 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-Royal Mint, at the disposal of the General Secretariat of the Treasury and Financial Policy.

2. The General Secretariat 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-Real Casa de la Moneda.

3. The General Secretariat of the Treasury and Financial Policy, based on the provisions of Article 5 of Law 10/1975 of March 12 on the Regulation of Metal Currency, will grant the National Mint and Timbre-Real Casa de la Moneda an advance intended to cover the cost of coin minting. The National Currency and Currency Factory-Real Casa de la Moneda will transmit the documents supporting the cost of coin minting that will be the amount of advance payment.

4 The credits made by the Banco de España to the General Secretariat of the Treasury and the Financial Policy for the circulation of coins will be based on the amount of the "net circulation", which will be the result of discounting the face value of the coin removed from the face value of the currency put into circulation. A positive net circulation shall entail the payment to the Treasury of that amount. Conversely, a negative net circulation shall bear the charge to the Treasury of that amount.

On the first working day of each month, the Bank of Spain shall draw up a summary reflecting the movement of metallic currency received in deposit, circulation and withdrawal 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 at the Bank for the net amount resulting from that summary, as set out in the preceding paragraph.

5. The Banco de España shall bear the balance of the other accounts which may affect the same subject matter on its balance sheets, the situation of the metallic coin which it receives as a deposit for its subsequent entry into circulation.

6. The Bank of Spain shall forward to the General Secretariat of the Treasury and Financial Policy the information it requests, in order to obtain adequate knowledge of the accounts identified 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 must pay to the aforementioned General Secretariat, in accordance with the provisions of article 6 of Law 10/1975, of 12 of March, on Metallic Coin Regulation. "

Second. Amendment of Article 7 of Order EHA/2049/2014 of 27 October, agreeing to issue, minting and putting into circulation coins intended for circulation of 1 and 2 euro.

Article 7 of Order EHA/2049/2014 of 27 October 2014, which agrees to the issue, minting and putting into circulation of coins intended for circulation of 1 and 2 euro, is hereby amended as follows: terms:

" Article 7. Accounting application.

The accounting application of transactions arising from the issuance, minting and putting into circulation of metallic coins shall be carried out in accordance with the provisions of the Resolution of 10 March 2015 on the General Intervention of the State Administration, which amends the one of 17 November 2011, approving the adaptation of the General Plan of Public Accounting to the General Administration of the State, and the other rules establishing the General Intervention of the State administration. "

Third. Effects.

This order will produce effects from the day following your publication in the "Official State Bulletin".

Madrid, July 20, 2015. -Minister of Economy and Competitiveness, Luis de Guindos Jurado.