The Commission rejected all the amendments contained in the decision adopted by the European
Parliament at second reading.
As regards Parliament's call for the coinage system not to include the 0.20 and 0.02 euro
denominations, the Commission says that the series of eight coins is based on the national coinage
systems. It is necessary in order to accommodate rounding needs and the change to be given in all
Member States. It is an important instrument to protect citizens against hidden rounding or other
unjustified price modifications.
Suppressing the 2 and 20 cent coins would also increase the volume of coins to be produced, since
more 1 and 10 cent coins would be needed. The Commission also considers that it would not be
consistent with the system of banknotes and coins to have a 100 euro face value coin, as a banknote
with this value is already planned.�