REPuBLIc OF EsT0NIA
() MINIsTRY OF
Christine Lagarde
European Central Bank Our ref. 02.02.2024 No 1.1-10.1/568-1
Sonnemannstrasse 22
60314 Frankfurt am Main
Germany
Consuitation on a legislative draft
Dear Ms Lagarde,
Pursuant to Articles 127(4) and 282(5) of the Treaty on the Functioning of the European
Union, Article 4 of the Statute of the European System ofCentral Banks and of the European
Central Bank, as well as Article 2(1) of the Council Decision of 29 June 1998 on the
consultation of the European Central Bank by national authorities regarding draft legislative
provisions (98/415/EC), the Ministry of Finance hereby asks for the ECB’s opinion on the
draft law regarding amendments in the Act on Introduction of Euro and related amendments
to other laws. The aim of the draft law is to establish the rounding of purchase amounts paid
by cash in order to significantly limit the circulation of 1 and 2 euro cent coins from 1 January
2025.
If any further information is needed, please contact Jarmo Lilium, adviser,
Financial Services Policy Department, Ministry ofFinance (phone: +372 5302 6314, email:
Jarmo.Lilium@fin.ee).
Yours sincerely,
Evelyn Luvamagi
Deputy Secretary-General for Financial and Tax Policy
Encl.
1. Draft Legislation (in Estonian, 3 p)
2. Explanatory note (in Estonian, 14 p)
Jarmo Lilium +372 5302 6314
Jarmo.Lilium@fin.ee
Suur-Ameerika 1 / 10122 Tallinn / Estonia /+372 611 3558 / info@rahandusministeerium.ee
www.rahandusministeerium.ee / Reg. code: 70000272