ECB's legal framework for authenticity, fitness checking and recirculation of euro banknotes
September 16, 2010
On 16 September 2010 the Governing Council adopted Decision ECB/2010/14 laying down common rules and procedures on the authenticity and fitness checking and recirculation of euro banknotes, which replaces the banknote recycling framework published by the ECB in 2005. This Decision was to enter into force on the day following its publication in the Official Journal of the EU targeted to apply from 1 January 2011 except in Member States that adopt the euro on or after 1 January 2011 for which a one-year transitional period is provided for.