2023-05-28 18:00:54
The Council of Ministers has authorized the Public Business Entity Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda to contract the supply of cospelesthe metal discs on which a coin is minted, for the minting of one euro coins, for an estimated amount of 50 million euros.
As explained by the Executive, the minting of coins with a face value of one euro has increased notably in the last two years and manufacturing by the Mint and Stamp Factory has increased in recent years.
Cash is still the main payment method for many consumers in Spain and in the world. According to the latest conclusions from the Bank of Spain, cash is the means of payment that citizens use most frequently, followed by cards and mobile devices –phones and watches–.
Demand expectations anticipate that this increase will continue, according to forecasts by the General Secretariat of the Treasury and studies by the European Central Bank.
“These conclusions and the projections of continued economic improvement and increased tourist activity make it necessary to ensure the basic raw materials for the minting of one euro coins,” he defends. government.
With the Framework Agreement authorized this Tuesday by the Council of Ministers, production will be guaranteed by the Coin and Stamp Factory of one euro coins for Spain. “We anticipated demand forecasts, ensuring supply with a plurality of successful bidders, favoring greater price stability and streamlining legal contracting processes,” the Executive has defended.
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