The new coins will not replace five euro banknotes of the same value. “The two products have the same value, but completely different functions,” said today the Ministry of Finance.
While fives euros issued by the European Central Bank (ECB) serve as means of payment in the whole euro zone, the nickels euros may only be used on German territory.
“through its high technological level, the extraordinary appearance and low comparative value the intention is to arouse interest coins and coin collections of new parts of the population, especially young people, “the ministry said.
2.25 million euros nickels will be produced. The 250,000 coins minted in a superior and brilliant quality, worth 15.55 euros each, they are so prized among collectors that have already been sold.
Comparatively, banknotes five euro were issued only in 2015 about 600 million units.
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