Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-14-Speech-2-318"
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"en.20060314.27.2-318"2
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".
The question concerns Turkish coins issued from the beginning of 2005, which are quite similar to EU coins. Of course the Commission shares the concern of the honourable Member of Parliament about this issue. That sort of thing should not happen. The right to issue coins is one of the most fundamental sovereign rights of a country. However, informal consultations are recommended. There is a network called the Coin Registration Office, established by the International Mint Directors Conference. Member mints are assumed to have consulted the Coin Registration Office when preparing a new coin, so that similarities can be avoided. Obviously that was not done properly in this case, so coins have appeared which are similar to euro coins.
That was not the first time such a thing has occurred. In 2000, in some countries, some coins were very similar to euro coins. Even in my own country, when I was in charge of that area, we issued coins which were similar to Deutschmarks and we therefore had to change our production.
The Commission is working with the Turkish authorities and they have promised to modify their coins slightly. The production of coins is very expensive and a large exercise.
However, there is no panic and the risks are very limited. The vending machines – which are the main issue – can be adjusted. Our estimation is that there are some old models of vending machines that are more difficult to adjust, but the majority of new ones can be properly adjusted so that they can take the correct coins. Visibly they are quite different. If these coins are handled in the retail trade, they can easily be distinguished. So the risks are limited.
The Commission has also worked with manufacturers of the coin mechanisms to keep them informed that mechanisms must be adjusted to this problem. We are working with the Turkish authorities to ensure that the new production of coins will be slightly modified so that they will not be so similar to euro coins."@en1
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