Order Ecc/1503/2015, 20 July, Amending The Order Ecc/2049/2014, On 27 October, Which Remembers Issue, Minting And Putting In Circulation Of Coins Intended For Circulation Of 1 And 2 Euro.

Original Language Title: Orden ECC/1503/2015, de 20 de julio, por la que se modifica la Orden ECC/2049/2014, de 27 de octubre, por la que se acuerda la emisión, acuñación y puesta en circulación de monedas destinadas a la circulación de 1 y 2 euro.

Read the untranslated law here: http://www.boe.es/buscar/doc.php?id=BOE-A-2015-8342

Order ECC/2049/2014, 27 October, which remembers the issue, minting and circulation of coins intended for circulation of 1 and 2 euro, reproduced the scheme of accounting movements with origin in the issue and minting and circulation of the coins, which had been applied several decades.

However, accounting and budgetary treatment of the coins has been revised in recent years. With the entry into force of law 36/2014, of 26 December, the State budget by 2015, minting costs are charged to the budget of expenditure on budget concepts that are determined, making it necessary to a redefinition of the accounting relationships and adaptation to the new scheme established.

Resolution of March 10, 2015, of the General intervention of the administration of the State, amending that of 17 November 2011, which approves the adaptation of the General public to the General Administration of the State Accounting Plan, introduced in paragraphs two and three of its single article various modifications in the box of accounts that affect costs of minting and the issued coins pending apply to the Budget, as well as in the definitions and accounting relationships in nature.

By this reason is necessary give new wording to the article 7, relative to the application accounting, to adapt it to the new system. In addition take advantage to improve regulation from a point of view of standard-setting technique incorporating part of the contents of the former article 7 article 6.

By virtue, I have: first. Amendment of article 6 of the order EHA/2049/2014, on 27 October, which remembers issue, minting and putting into circulation of coins intended for circulation of 1 and 2 euro.

Amending article 6 of the order EHA/2049/2014, on 27 October, which remembers issue, minting and putting in circulation of coins intended for circulation of 1 and 2 euro, which is worded as follows: «article 6. Relationships between the General Directorate of the Treasury and financial policy, the Bank of Spain and the Fábrica Nacional de Moneda y Timbre-real Casa de la Moneda. General procedure for the minting and circulation of coins.

1. the coins are coined, on behalf of the State, in the Fábrica Nacional de Moneda y Timbre-real Casa de la Moneda, which will deliver them to the Bank of Spain as its manufacturing capacity allows it. He Bank of Spain will put in circulation such coins, attending to them needs of the market, while, until is start it put in circulation effective or their performances preliminary, them parts coined will remain in deposit in the factory national of currency and timbre-real House of the currency, to provision of the Secretariat General of the treasure and political financial.

2. the General Secretariat of the Treasury and financial policy, the Fábrica Nacional de Moneda y Timbre-real Casa de la Moneda, and the Bank of Spain will agree the formalities and documents accompanying deliveries of coins to the latter by the Fábrica Nacional de Moneda y Timbre-real Casa de la Moneda.

3. the General Secretariat of the Treasury and financial policy, based on the provisions of article 5 of the law 10/1975, March 12, on regulation of the metal currency, shall grant an advance to cover the costs of minting of currency to the Fábrica Nacional de Moneda y Timbre-real Casa de la Moneda. The Fábrica Nacional de Moneda y Timbre-real Casa de la Moneda shall refer to the supporting documents of the cost of the minting of currency that minorarán the amount of advance.

4 fertilizers made by the Bank of Spain to the General Directorate of the Treasury and financial policy for the placing in circulation of coins shall take as a basis the amount of net circulation «implementation», that will be the result of discounting the face value of the coin withdrawn from the face value of the currency in circulation. A positive net circulation implementation will involve the payment to the Treasury of that amount. Conversely, a setting in negative net movement will lead the charge to the treasure of that amount.

The first working day of each month, the Bank of Spain will prepare a summary reflecting the movement of metal currency received in deposit, put into circulation and withdrawal during the immediately preceding calendar month. The month of December of each year, except itself in which the summary will be closed the last business day of the first half. The day following the issuance of the monthly summary, the Bank of Spain paid or due the Treasury bank account by the net amount resulting from this summary, as set out in the preceding paragraph.

5. the Bank of Spain will be appear on their balance sheets, with separation of other accounts that may affect the same matter, the situation of the coins which receive as a deposit for subsequent marketing.

6. the Bank of Spain shall forward to the General Directorate of the Treasury and financial policy information that is asked for, in order to achieve an adequate knowledge of the accounts referred to in this point. The monthly summaries and income and charges resulting from the same will be reflected in the quarterly statement that the Bank of Spain must pay to the above-mentioned General Secretariat, in accordance with the provisions of article 6 of law 10/1975 of 12 March, on regulation of the coin metal.»

Second. Modification of article 7 of the order EHA/2049/2014, on 27 October, which remembers issue, minting and putting into circulation of coins intended for circulation of 1 and 2 euro.

Amending article 7 of the order EHA/2049/2014, on 27 October, which remembers issue, minting and putting in circulation of coins intended for circulation of 1 and 2 euro, which is worded as follows: «article 7. Accounting application.

Accounting implementation of operations arising from the issue, minting and circulation of coins will be held pursuant to the resolution of March 10, 2015, of the General intervention of the administration of the State, amending that of 17 November 2011, which approves the adaptation of the General Plan of public accounting with the General Administration of the State «, and other rules that set the General intervention of the administration of the State.»

Third party. Effects.

This order will produce effects from the day following its publication in the "Official Gazette".

Madrid, 20 July 2015.-the Minister of economy and competitiveness, Luis de Guindos jury.