{
  "url": "https://openlegislation.uk/eu-regulation-2006-1647/introduction",
  "json_url": "https://openlegislation.uk/eu-regulation-2006-1647/introduction.json",
  "legislation": "eur/2006/1647",
  "legislation_title": "Council Regulation (EC) No 1647/2006 of 7 November 2006 amending Regulation (EC) No 974/98 on the introduction of the euro",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2006-1647",
  "path": "introduction",
  "kind": "introduction",
  "number": null,
  "heading": "Introductory text",
  "text": "Council Regulation (EC) No 1647/2006\nof 7 November 2006\namending Regulation (EC) No 974/98 on the introduction of the euro\nTHE COUNCIL OF THE EUROPEAN UNION,\nHaving regard to the Treaty establishing the European Community, and in particular Article 123(5) thereof,\nHaving regard to the proposal from the Commission,\nAfter consulting the European Parliament,\nHaving regard to the opinion of the European Central Bank,\nWhereas:\n(1)\nCouncil Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro provides for the substitution of the euro for the currencies of the Member States which fulfilled the necessary conditions for the adoption of the single currency at the time when the Community entered the third stage of economic and monetary union.\n(2)\nRegulation (EC) No 2596/2000 amended Regulation (EC) No 974/98 to provide for the substitution of the euro for the currency of Greece.\n(3)\nRegulation (EC) No 2169/2005 amended Regulation (EC) No 974/98 in order to prepare for subsequent introductions of the euro in Member States which have not yet adopted the euro as the single currency.\n(4)\nAccording to Article 4 of the 2003 Act of Accession, Slovenia is a Member State with a derogation within the meaning of Article 122 of the Treaty.\n(5)\nPursuant to Council Decision 2006/495/EC of 11 July 2006 in accordance with Article 122(2) of the Treaty on the adoption by Slovenia of the single currency on 1 January 2007, Slovenia fulfils the necessary conditions for the adoption of the single currency and the derogation in favour of Slovenia is to be abrogated with effect from 1 January 2007.\n(6)\nThe introduction of the euro in Slovenia requires the extension to Slovenia of the existing provisions on the introduction of the euro set out in Regulation (EC) No 974/98.\n(7)\nSlovenia's change over plan specifies that euro banknotes and coins should become legal tender in that Member State on the day of the introduction of the euro as its currency. Consequently, the euro adoption date and the cash change over date should be 1 January 2007. No ‘phasing-out’ period should apply.\n(8)\nRegulation (EC) No 974/98 should be amended accordingly,\nHAS ADOPTED THIS REGULATION:",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "OJ C 163, 14.7.2006, p. 10."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "OJ L 139, 11.5.1998, p. 1. Regulation as last amended by Regulation (EC) No 2169/2005 (OJ L 346, 29.12.2005, p. 1)."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "OJ L 300, 29.11.2000, p. 2."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "OJ L 195, 15.7.2006, p. 25."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2006/1647/introduction",
    "retrieved_at": "2026-11-01T14:53:22.237877+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}