Issuance and Printing
The ECB has the exclusive right to authorise the issue of notes within the Eurozone, but most notes are actually issued by the National Central Banks (NCBs) of the Eurozone. As of 2004, 8% of banknotes were issued by the European Central Bank and 92% were issued by Eurozone NCBs. The issuing central bank can be seen from the serial number. Each NCB is now responsible for the production of certain denominations, as assigned by the ECB.
Read more about this topic: Euro Banknotes
Famous quotes containing the word printing:
“It seems not more reasonable to leave the right of printing unrestrained, because writers may be afterwards censured, than it would be to sleep with doors unbolted, because by our laws we can hang a thief.”
—Samuel Johnson (1709–1784)