Euro coins also raised about Poongsan's presence on the vetted list of coin blank suppliers of the European Commission's Mint Directors Working Group. However, the Commission claimed responsibility on this issue lies with the member states of the Union. Euro coins There are eight euro coin denominations, ranging from one cent to two euros (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of
2 euro coin maximum volumes of coins that the individual countries may issue. "Unlike banknotes, euro coins are still a national competence and not the ECB's. If a euro area country intends to issue a €2 commemorative coin it has to inform the European Commission. There is no reporting by euro area countries to the ECB. The Commission publishes the information in the multilingual Official Journal of the EU (C series). The Official Journal is the authoritative source upon which the ECB bases its website updates on euro coins. The reporting process, the translation into 22 languages and publishing lead to unavoidable delays.