Introductory text

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 128(1) thereof,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 16 thereof,

Whereas:

Decision (EU) 2019/43 of the European Central Bank (ECB/2018/27)^f1 provides for the adjustment of the key for subscription to the capital of the European Central Bank (ECB) (hereinafter the ‘capital key’) in accordance with Article 29.3 of the Statute of the European System of Central Banks and of the European Central Bank and establishes, with effect from 1 January 2019, new weightings assigned to each national central bank (NCB) in the adjusted capital key (hereinafter the ‘capital key weightings’).

Article 1(d) of Decision ECB/2010/29^f2 defines the ‘banknote allocation key’ and refers to Annex I to that Decision, which specifies the banknote allocation key applying since 1 January 2015. Given that new capital key weightings will apply from 1 January 2019, Decision ECB/2010/29 needs to be amended in order to determine the banknote allocation key applying from 1 January 2019,

HAS ADOPTED THIS DECISION: