1996/0249(CNS)

Regulation on Provisions Relating to the Introduction of the Euro

PROPOSAL FOR A COUNCIL REGULATION (EC) ON SOME PROVISIONS RELATING TO THE INTRODUCTION OF THE EURO

Stage: In force, reached 19 Jun 1997
In force: In force since 20 Jun 1997 · CELEX 31997R1103
Procedure: Regulation · Consultation procedure
Last activity: 20 Jun 1997

4 documents

Documents

Newest first. Each opens at its source.

Text adopted · OJ L 162 19.06.1997, p. 0001Commission · 19 Jun 1997
Text adopted · Regulation 1997/1103Commission · 17 Jun 1997
OJ C 380 16.12.1996, p. 0004Commission · 16 Dec 1996
Report · A4-0375/1996Parliament

Summary

Generated

Council Regulation (EC) No 1103/97 sets the legal framework for the euro: contract continuity, replacement of the ECU by the euro at 1:1, and conversion and rounding rules. Its ECU provisions apply from 1 January 1999. Conversion rates carry six significant figures and inverse rates are barred. It binds all Member States and remains in force.

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