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News

Decree Law No. 146/2017

Publication: Republic Diary No. 233/2017, Series I of 2017-12-05
  • Issuer: Finance
  • Diploma Type: Decree Law
  • Number: 146/2017
  • Pages: 6516 - 6516

Summary in plain english

What is it?

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.

Original Version

LEGAL TRANSLATOR

  • Legal translator is the translation of texts within the field of law

CONSOLIDATED LEGISLATION

Legislative consolidation integrates the various amendments and rectifications made into an original legal diploma in order to make its consultation more accessible to the citizen.

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