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Withdrawal of banknotes

 

The exclusive right of the European Central Bank (ECB) to authorise the issuance of euro banknotes within the euro area also includes the competence to withdraw euro banknotes and to establish a common framework, on the basis of which the ECB and the National Central Banks may withdraw euro banknotes from circulation.


The withdrawal of a certain type or series of euro banknotes is regulated by the related decision of the Governing Council of the ECB and is disclosed to the public through the Official Journal of the European Union and other media.