ECB decides not to issue €1 or €2 banknotes

The Governing Council of the ECB decided not to introduce very low denomination euro banknotes. In a press release on Thursday 18 November it concluded that the negative aspects of introducing very low denomination banknotes outweigh the positive aspects.

After careful consideration, the Governing Council of the ECB has decided not to revise the earlier decision on the denominations of the euro banknotes (see the ECB's press release of 12 September 1998) and consequently not to issue €1 or €2