OREANDA-NEWS. May 11, 2012. This year, Eesti Pank is supplementing the stock of circulation coins by 1- and 2-cent coins. The new coins are released through banks and trading companies, depending on demand, reported the press-centre of Eesti Pank. 

Eesti Pank has commissioned 25 million coins of each denomination worth a total of 750,000 euro. This will cover the next years’ demand for small-denomination euro coins in Estonia.

The design of the coins has not changed, the only thing different is the minting year: 2012.

The coins were minted by the Royal Dutch Mint, which won the adjudication between mints producing euro coins.

New uncirculated coins are sold at the Eesti Pank Museum and also at the e-store.

The central bank will not order any other circulation coins this year.

Eesti Pank also participates in the production of euro banknotes for the first time this year. The central bank is obliged to return to the Eurosystem the banknotes borrowed for the changeover to the euro. In addition, euro area countries have to produce banknotes each year. The amount is established by the ECB’s Governing Council. Eesti Pank and eight other euro area central banks acquire their shares of banknotes via a joint procurement. Eesti Pank’s responsibility is to produce 20-euro notes, which will be added to the Eurosystem’s common cash stock.