monetari agreement govern french republ behalf european commun govern seren high princ monaco french text authent french republ minist econom affair financ industri mr patrick leclercq minist state place de la visit bp mc monaco cedex pari decemb sir exchang repres state view introduc euro princip monaco european commiss european central bank fulli honour order govern behalf european commun propos provis receiv agreement econom financi committe quot regard treati establish european commun articl thereof regard council regul ec regard council decis decemb posit commun agreement monetari relat princip monaco regard franco monegasqu agreement april foreign exchang control exchang letter govern french republ govern seren high princ monaco novemb bank regul regard articl neighbourhood agreement franc princip monaco regard exchang letter decemb govern french republ monegasqu govern regard agreement european central bank hereinaft ecb grant access payment system euro area regard opinion econom financi committe commiss european commun hereinaft commiss ecb fulli council european union meet level head state govern provid decis franc member state european commun adopt euro januari member state adopt euro monetari issu fall compet european commun pursuant declar annex final act treati european union commun undertak facilit renegoti exist arrang govern french republ govern seren high princ monaco result introduct singl currenc decis decemb govern french republ conduct negoti monegasqu govern behalf european commun commiss fulli negoti ecb fulli negoti field compet agre condit financi institut locat territori princip monaco access payment system euro area council decis decemb princip monaco euro offici currenc grant legal tender statu banknot coin euro issu european system central bank member state adopt euro abovement decis principl commun base posit negoti princip monaco undertak issu banknot coin monetari surrog kind condit issuanc agre commun term abovement decis princip monaco ensur commun rule banknot coin denomin euro applic territori euro banknot coin protect counterfeit import princip monaco measur combat counterfeit cooper commiss ecb european polic offic europol area council provid financi institut establish princip monaco access payment system euro area condit agre ecb subject minimum reserv statist report oblig ecb decemb credit institut establish princip monaco subject minimum reserv statist report requir credit institut establish franc access french payment system refinanc banqu de franc order maintain condit allow competit maintain oblig possibl understood rule laid ecb minimum reserv statist report oblig appli access payment system concern euro area condit agre ecb laid agreement access payment system impli possibl access secur settlement system appli principl settl gross amount real time credit institut relev financi institut establish territori princip monaco subject firstli rule establish euro area purpos monetari polici instrument procedur rule establish euro area purpos prudenti supervis prevent system risk payment secur settlement system thirdli equival provis area govern agreement condit mention regist compani establish princip monaco exclus involv portfolio manag parti transmiss instruct access abovement system subject abovement oblig agreement confer credit institut relev financi institut establish territori princip monaco freedom establish provid servic european commun similarli agreement confer credit institut relev financi institut establish territori european commun freedom establish provid servic princip monaco agreement impos oblig ecb nation central bank includ monaco financi instrument list secur elig monetari polici oper european system central bank consequ subject credit institut financi institut establish territori princip monaco rule establish franc purpos bank regul prevent system risk payment secur settlement system equival provis area govern agreement parti undertak cooper good faith order ensur law applic monaco area cover agreement time ident equival law applic franc view object agreement establish joint committe compos repres princip monaco commiss ecb franc order examin equival measur princip monaco member state implement commun act mention annex addit technic step commun legal act ad list annex agreement view ensur uniform interpret commun law parti express common jurisdict court justic laid articl treati establish european commun extend princip monaco question interpret agreement court justic gener context possibl extend jurisdict question parti adapt agreement confirm jurisdict court justic extend articl princip monaco entitl januari euro offici currenc take intern legal step pursuant regul ec regul ec amend regul ec amend articl januari princip monaco grant legal tender statu banknot coin euro princip monaco undertak hand intern legal measur order appli territori commun provis euro banknot coin hand adopt timet ident laid franc introduct euro banknot coin currenc circul princip monaco withdrawn procedur agre govern french republ govern seren high princ monaco timet ident laid franc withdraw currenc circul territori franc proce withdraw currenc princip monaco circul territori procedur agre govern seren high princ monaco articl princip monaco issu banknot issu coin agreement commun condit issuanc condit relat issuanc limit quantiti euro coin januari monegasqu coin franc decemb laid agreement articl articl januari princip monaco issu euro coin annual volum quantiti coin mint franc euro coin issu princip monaco ident euro coin issu member state european commun adopt euro respect face legal tender statu technic design characterist common side common design characterist nation side compet commun author notifi advanc design characterist nation side articl annual volum euro coin issu princip monaco ad volum coin issu franc purpos ecb approv total volum coin mint franc requir articl treati establish european commun septemb year princip monaco notifi franc volum face euro coin intend issu year articl princip monaco issu euro collector coin account regard annual volum laid articl issuanc collector coin princip monaco conform guidelin collector coin issu member state european commun requir inter alia adopt technic design characterist unitari valu allow coin distinguish intend circul collector coin issu princip monaco legal tender european commun articl franc place hôtel de la monnai de pari dispos princip monaco mint coin princip monaco undertak hôtel de la monnai de pari establish mint coin articl princip monaco issu euro coin januari princip monaco issu monegasqu coin franc decemb coin ident coin franc alloi fine coinag time withdraw legal tender coin banknot franc legal tender princip monaco articl princip monaco cooper close european commun combat counterfeit euro banknot coin suppress punish counterfeit euro banknot coin occur territori princip monaco undertak adopt reason time step prevent counterfeit laid framework decis increas protect crimin penalti sanction counterfeit connect introduct euro council regul ec june lai measur protect euro counterfeit measur lai detail rule cooper area set specif exchang letter franc act behalf european commun agreement commiss ecb princip monaco articl credit institut financi institut authoris carri activ territori princip monaco condit laid articl particip interbank settlement payment secur settlement system european union condit credit institut relev financi institut establish territori franc subject proviso fulfil condit laid access system interbank settlement payment secur settlement system defin nation intern procedur organis relat particip allow execut habitu basi compens payment transfer secur procedur establish public author member state european union govern framework contract standard contract applic european union credit institut financi institut locat territori princip monaco subject condit laid articl measur adopt banqu de franc implement ecb provis lai monetari polici instrument procedur credit institut financi institut locat territori franc articl legal act adopt council pursuant articl treati establish european commun conjunct articl statut european system central bank european central bank hereinaft statut ecb pursuant abovement legal act adopt council pursuant articl articl statut banqu de franc implement legal act adopt ecb appli territori princip monaco appli amend act princip monaco appli measur adopt franc implement commun act prudenti supervis credit institut prevent system risk payment secur settlement system contain annex end princip monaco appli firstli provis french monetari financi code activ monitor credit institut addit implement regul accord franco monegasqu agreement april foreign exchang control exchang letter govern french republ govern seren high princ monaco novemb bank regul provis french monetari financi code prevent system risk payment secur settlement system list contain annex amend commiss amend commun text adopt text take account date entri forc transposit text amend updat list publish offici journal european commun ojec princip monaco adopt measur equival member state appli commun act contain annex implement agreement parti meet joint committe refer articl examin equival measur monaco member state applic abovement commun act procedur defin committe notwithstand procedur laid paragraph articl list contain annex amend decis joint committe conven request monegasqu author week adopt commun legisl fall agreement commiss committe conven purpos commiss draft legisl fall agreement wish includ list annex inform princip monaco thereof princip monaco receiv copi document produc commun institut bodi stage legisl procedur commiss amend list take account date entri forc transposit legisl amend updat list publish offici journal european commun ojec princip monaco measur equival effect commun direct prevent financi system purpos monei launder pursuant financi action task forc fatf recommend credit institut financi institut report agent locat territori princip monaco subject sanction disciplinari procedur implement case infring legal act refer preced paragraph princip monaco ensur enforc sanction appli virtu provis legal act refer paragraph articl enter forc princip monaco dai european commun publish ojec dai franc publish offici journal french republ ojfr legal act gener applic publish ojec ojrf enter forc commun monegasqu author act individu natur appli notif parti concern grant authoris invest firm seek establish territori princip monaco purpos offer invest servic princip monaco undertak measur equival effect exist commun legal act govern servic derog procedur laid paragraph articl commun act subsequ integr annex agreement commiss articl princip monaco franc amend articl neighbourhood agreement order make compat agreement articl question valid decis commun institut bodi ecb implement virtu agreement fall exclus jurisdict court justic european commun natur legal person domicil territori princip monaco exercis appeal natur legal person locat territori franc legal act address form natur matter fall agreement applic rule interpret purpos implement accord relev case law court justic european commun articl joint committe set facilit implement oper agreement exchang view inform adopt decis articl agreement similarli examin measur princip monaco accord articl agreement joint committe compos repres princip monaco franc bodi parti agreement commiss ecb hereinaft bodi adopt decis unanim adopt rule procedur parti bodi cooper good faith order ensur full effect agreement entireti prejudic articl articl agreement examin joint committe year entri forc subsequ year event examin joint committe decid agreement amend procedur laid council decis ec decemb appli parti bodi request amend provis parti termin agreement notic year agreement establish french languag quot oblig provis approv govern letter annex thereto repli constitut monetari agreement govern french republ behalf european commun govern seren high princ monaco forc date repli accept sir assur highest consider laurent fabiu annex ec direct european parliament council april reorganis wind credit institut oj pp ec direct european parliament council march relat take pursuit busi credit institut amend direct ec european parliament council septemb direct ec european parliament council septemb take pursuit prudenti supervis busi electron monei institut except titl iii iv oj pp oj pp oj pp ec direct european parliament council januari cross border credit transfer oj pp ec direct european parliament council deposit guarante scheme oj pp eec council direct invest servic secur field provis appli credit institut except titl iii oj pp eec council direct march capit adequaci invest firm credit institut provis appli credit institut oj pp oj pp eec council direct februari oblig branch establish member state credit institut financi institut head offic member state public annual account document oj pp eec council direct decemb annual account consolid account bank financi institut provis appli credit institut oj pp ec direct european parliament council settlement final payment secur system oj pp annex ec direct parliament council march invest compens scheme oj pp princip monaco minist state laurent fabiu minist econom affair financ industri télédoc rue de berci pari cedex monaco decemb sir letter date decemb made propos quot exchang repres state view introduc euro princip monaco european commiss european central bank fulli honour order govern behalf european commun propos provis receiv agreement econom financi committe regard treati establish european commun articl thereof regard council regul ec regard council decis decemb posit commun agreement monetari relat princip monaco regard franco monegasqu agreement april foreign exchang control exchang letter govern french republ govern seren high princ monaco novemb bank regul regard articl neighbourhood agreement franc princip monaco regard exchang letter decemb govern french republ monegasqu govern regard agreement european central bank hereinaft ecb grant access payment system euro area regard opinion econom financi committe commiss european commun hereinaft commiss ecb fulli council european union meet level head state govern provid decis franc member state european commun adopt euro januari member state adopt euro monetari issu fall compet european commun pursuant declar annex final act treati european union commun undertak facilit renegoti exist arrang govern french republ govern seren high princ monaco result introduct singl currenc decis decemb govern french republ conduct negoti monegasqu govern behalf european commun commiss fulli negoti ecb fulli negoti field compet agre condit financi institut locat territori princip monaco access payment system euro area council decis decemb princip monaco euro offici currenc grant legal tender statu banknot coin euro issu european system central bank member state adopt euro abovement decis principl commun base posit negoti princip monaco undertak issu banknot coin monetari surrog kind condit issuanc agre commun term abovement decis princip monaco ensur commun rule banknot coin denomin euro applic territori euro banknot coin protect counterfeit import princip monaco measur combat counterfeit cooper commiss ecb european polic offic europol area council provid financi institut establish princip monaco access payment system euro area condit agre ecb subject minimum reserv statist report oblig ecb decemb credit institut establish princip monaco subject minimum reserv statist report requir credit institut establish franc access french payment system refinanc banqu de franc order maintain condit allow competit maintain oblig possibl understood rule laid ecb minimum reserv statist report oblig appli access payment system concern euro area condit agre ecb laid agreement access payment system impli possibl access secur settlement system appli principl settl gross amount real time credit institut relev financi institut establish territori princip monaco subject firstli rule establish euro area purpos monetari polici instrument procedur rule establish euro area purpos prudenti supervis prevent system risk payment secur settlement system thirdli equival provis area govern agreement condit mention regist compani establish princip monaco exclus involv portfolio manag parti transmiss instruct access abovement system subject abovement oblig agreement confer credit institut relev financi institut establish territori princip monaco freedom establish provid servic european commun similarli agreement confer credit institut relev financi institut establish territori european commun freedom establish provid servic princip monaco agreement impos oblig ecb nation central bank includ monaco financi instrument list secur elig monetari polici oper european system central bank consequ subject credit institut financi institut establish territori princip monaco rule establish franc purpos bank regul prevent system risk payment secur settlement system equival provis area govern agreement parti undertak cooper good faith order ensur law applic monaco area cover agreement time ident equival law applic franc view object agreement establish joint committe compos repres princip monaco commiss ecb franc order examin equival measur princip monaco member state implement commun act mention annex addit technic step commun legal act ad list annex agreement view ensur uniform interpret commun law parti express common jurisdict court justic laid articl treati establish european commun extend princip monaco question interpret agreement court justic gener context possibl extend jurisdict question parti adapt agreement confirm jurisdict court justic extend articl princip monaco entitl januari euro offici currenc take intern legal step pursuant regul ec regul ec amend regul ec amend articl januari princip monaco grant legal tender statu banknot coin euro princip monaco undertak hand intern legal measur order appli territori commun provis euro banknot coin hand adopt timet ident laid franc introduct euro banknot coin currenc circul princip monaco withdrawn procedur agre govern french republ govern seren high princ monaco timet ident laid franc withdraw currenc circul territori franc proce withdraw currenc princip monaco circul territori procedur agre govern seren high princ monaco articl princip monaco issu banknot issu coin agreement commun condit issuanc condit relat issuanc limit quantiti euro coin januari monegasqu coin franc decemb laid agreement articl articl januari princip monaco issu euro coin annual volum quantiti coin mint franc euro coin issu princip monaco ident euro coin issu member state european commun adopt euro respect face legal tender statu technic design characterist common side common design characterist nation side compet commun author notifi advanc design characterist nation side articl annual volum euro coin issu princip monaco ad volum coin issu franc purpos ecb approv total volum coin mint franc requir articl treati establish european commun septemb year princip monaco notifi franc volum face euro coin intend issu year articl princip monaco issu euro collector coin account regard annual volum laid articl issuanc collector coin princip monaco conform guidelin collector coin issu member state european commun requir inter alia adopt technic design characterist unitari valu allow coin distinguish intend circul collector coin issu princip monaco legal tender european commun articl franc place hôtel de la monnai de pari dispos princip monaco mint coin princip monaco undertak hôtel de la monnai de pari establish mint coin articl princip monaco issu euro coin januari princip monaco issu monegasqu coin franc decemb coin ident coin franc alloi fine coinag time withdraw legal tender coin banknot franc legal tender princip monaco articl princip monaco cooper close european commun combat counterfeit euro banknot coin suppress punish counterfeit euro banknot coin occur territori princip monaco undertak adopt reason time step prevent counterfeit laid framework decis increas protect crimin penalti sanction counterfeit connect introduct euro council regul ec june lai measur protect euro counterfeit measur lai detail rule cooper area set specif exchang letter franc act behalf european commun agreement commiss ecb princip monaco articl credit institut financi institut authoris carri activ territori princip monaco condit laid articl particip interbank settlement payment secur settlement system european union condit credit institut relev financi institut establish territori franc subject proviso fulfil condit laid access system interbank settlement payment secur settlement system defin nation intern procedur organis relat particip allow execut habitu basi compens payment transfer secur procedur establish public author member state european union govern framework contract standard contract applic european union credit institut financi institut locat territori princip monaco subject condit laid articl measur adopt banqu de franc implement ecb provis lai monetari polici instrument procedur credit institut financi institut locat territori franc articl legal act adopt council pursuant articl treati establish european commun conjunct articl statut european system central bank european central bank hereinaft statut ecb pursuant abovement legal act adopt council pursuant articl articl statut banqu de franc implement legal act adopt ecb appli territori princip monaco appli amend act princip monaco appli measur adopt franc implement commun act prudenti supervis credit institut prevent system risk payment secur settlement system contain annex end princip monaco appli firstli provis french monetari financi code activ monitor credit institut addit implement regul accord franco monegasqu agreement april foreign exchang control exchang letter govern french republ govern seren high princ monaco novemb bank regul provis french monetari financi code prevent system risk payment secur settlement system list contain annex amend commiss amend commun text adopt text take account date entri forc transposit text amend updat list publish offici journal european commun ojec princip monaco adopt measur equival member state appli commun act contain annex implement agreement parti meet joint committe refer articl examin equival measur monaco member state applic abovement commun act procedur defin committe notwithstand procedur laid paragraph articl list contain annex amend decis joint committe conven request monegasqu author week adopt commun legisl fall agreement commiss committe conven purpos commiss draft legisl fall agreement wish includ list annex inform princip monaco thereof princip monaco receiv copi document produc commun institut bodi stage legisl procedur commiss amend list take account date entri forc transposit legisl amend updat list publish offici journal european commun ojec princip monaco measur equival effect commun direct prevent financi system purpos monei launder pursuant financi action task forc fatf recommend credit institut financi institut report agent locat territori princip monaco subject sanction disciplinari procedur implement case infring legal act refer preced paragraph princip monaco ensur enforc sanction appli virtu provis legal act refer paragraph articl enter forc princip monaco dai european commun publish ojec dai franc publish offici journal french republ ojfr legal act gener applic publish ojec ojrf enter forc commun monegasqu author act individu natur appli notif parti concern grant authoris invest firm seek establish territori princip monaco purpos offer invest servic princip monaco undertak measur equival effect exist commun legal act govern servic derog procedur laid paragraph articl commun act subsequ integr annex agreement commiss articl princip monaco franc amend articl neighbourhood agreement order make compat agreement articl question valid decis commun institut bodi ecb implement virtu agreement fall exclus jurisdict court justic european commun natur legal person domicil territori princip monaco exercis appeal natur legal person locat territori franc legal act address form natur matter fall agreement applic rule interpret purpos implement accord relev case law court justic european commun articl joint committe set facilit implement oper agreement exchang view inform adopt decis articl agreement similarli examin measur princip monaco accord articl agreement joint committe compos repres princip monaco franc bodi parti agreement commiss ecb hereinaft bodi adopt decis unanim adopt rule procedur parti bodi cooper good faith order ensur full effect agreement entireti prejudic articl articl agreement examin joint committe year entri forc subsequ year event examin joint committe decid agreement amend procedur laid council decis ec decemb appli parti bodi request amend provis parti termin agreement notic year agreement establish french languag oblig provis approv govern letter annex thereto repli constitut monetari agreement govern french republ behalf european commun govern seren high princ monaco forc date repli quot honour inform princ govern agre accept sir assur highest consider minist state patrick leclercq annex ec direct european parliament council april reorganis wind credit institut oj pp ec direct european parliament council march relat take pursuit busi credit institut amend direct ec european parliament council septemb direct ec european parliament council septemb take pursuit prudenti supervis busi electron monei institut except titl iii iv oj pp oj pp oj pp ec direct european parliament council januari cross border credit transfer oj pp ec direct european parliament council deposit guarante scheme oj pp eec council direct invest servic secur field provis appli credit institut except titl iii oj pp eec council direct march capit adequaci invest firm credit institut provis appli credit institut oj pp oj pp eec council direct februari oblig branch establish member state credit institut financi institut head offic member state public annual account document oj pp eec council direct decemb annual account consolid account bank financi institut provis appli credit institut oj pp ec direct european parliament council settlement final payment secur system oj pp annex ec direct parliament council march invest compens scheme oj pp convent enter forc decemb