ECB - OPINION OF THE EUROPEAN CENTRAL BANK of 28 August 2000

OPINION OF THE EUROPEAN CENTRAL BANK of 28 August 2000
at the request of the German Federal Ministry of Finance on a draft legislative proposal for the issue of a 1 DM gold coin and the establishment of a ‘Monetary Stability’ Foundation
(CON/00/17)
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6. The ECB holds the view that the minting and sale of gold coins is not in contradiction with the central bank gold agreement of 26 September 1999 between the ECB and the central banks of Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Sweden, Switzerland and the United Kingdom. In this context, note is taken of the fact that the Deutsche Bundesbank has already informed the ESCB of its intention to issue the 1 DM gold coins.

7. Finally, the ECB welcomes the intention of the Federal Government to maintain and promote the public awareness of the importance of monetary stability..."
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Done at Frankfurt am Main on 28 August 2000.

The Vice President of the ECB
Christian Noyer

Source: http://www.ecb.int/ecb/legal/pdf/EN_CON_00_17.pdf