Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-17-Speech-2-209"
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"en.20080617.35.2-209"2
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"−
This Regulation aims to ensure a high level of protection against counterfeiting and falsification of the euro, laying down measures necessary for its protection through checking notes and coins for authenticity and fitness for circulation.
According to the most recent statistics, roughly 561 000 counterfeit notes and 211 100 counterfeit coins were withdrawn from circulation in 2007.
Now that the European Central Bank and the Commission have laid down the definitive procedures for the detection of false notes and coins, it has become essential for the 2001 Regulation to be amended, as the establishments involved in the distribution of cash to the public have the tools they needed to carry out these checks.
I also welcome the explicit obligation for credit and other relevant institutions to check the authenticity of the notes and coins they have received before putting them back into circulation. At the same time, they will have to adapt their internal procedures and upgrade their equipment as needs be.
It is also important for the authenticity of the euro to be guaranteed in the Member States which do not belong to the euro area, but where the euro circulates as a transaction currency, although control methods cannot be applied in the same fashion, which therefore means that specific verification procedures need to be established."@en1
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