Decree Law No. 146/2017
- Issuer: Finance
- Diploma Type: Decree Law
- Number: 146/2017
- Pages: 6516 - 6516
Summary in plain english
With this decree-law the Bank of Portugal is no longer required to be the majority shareholder out of the organisations created to print euro banknotes.What will change?
The Bank of Portugal is no longer required to have more than 50% of share capital of the organisations created to print euro banknotes in Portugal.
This means that the Bank of Portugal will be able to print euro banknotes through other organisation without holding the majority of its share capital, provided that the European rules for the production of euro banknotes are respected.What are its benefits?
This decree-law is intended to simplify and reduce the production costs of euro banknotes.When does it come into effect?
This decree-law comes into effect five days after being published.
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