Prerogative of coinage

The right of a political authority to regulate coinage by law. – In the Federal Republic of Germany, this right belonged exclusively to the federal government under Article 73 of the Basic Law. Under Article 128 TFEU, the right of coinage in the euro area was in principle transferred to the Council of the European Union. – See cash, coin, mint, seigniorage. – Cf. Deutsche Bundesbank Monthly Report, January 2013, p. 30 (legal situation regarding coinage in the EMU).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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