Amateur proposal of an Andorran euro

 

Andorra, a landlocked country between France and Spain, never had its own currency. It used the French franc (FRF) and the Spanish peseta (ESP) until the introduction of the euro in 2002, which it uses since.

 

The country never had an agreement with any country on currencies, like San Marino, Vatican City or Monaco (which pegged their quasi-currencies to the lira or the franc), so it uses the euro without any formal approval. That means it cannot issue its own coins. Despite there is no official currency, Andorra sometimes issues commemorative coins in Andorran diners (ADD).

 

Andorra tries to change that situation. It asked for a monetary agreement with the EU in 2003 and negotiates since 2004.

 http://europa.eu/legislation_summaries/economic_and_monetary_affair...

 

However, by 2010, these negotiations could not conlude as Andorra is a tax haven and the EU tries to abolish these. The wish of the Andorran government to have a monetary agreement and a formal currency is an effective opportunity to have an effect of Andorra's tax haven status.

 

If an agreement reached, Andorran coins can appear in 2012 at earliest.

 

Image Source

http://www.webalice.it/annovi.frizio/coinsfantasy/1-EURO-ANDORRA.jpg

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Comment by Ar1us on January 5, 2011 at 15:21

The Andorran diner  is a commemorative currency issued in form of coins intended for collectors. The name diner derives from the Roman Denarius and means money in Catalan, which is the official language of the microstate.

 

Andorra has never issued any circulation currency. They have been using ESP pesetas and FR francs, until these currencies were both replaced by the Euro.

 

It is more than certain that if and when they issue euro coins, they are gonna be as expensive and rare as those of Monaco, Vatican and San Marino.

Comment by putson on December 29, 2010 at 6:43

One friend has found 50 cents Vatican in circulation but I did not believe and I can believe him now!!!

I thought, Poor collector whom the mother or wife took the 50 cents because have nothing to change!!!

Comment by Illioplius on December 29, 2010 at 1:11
You do not have to collect  "expensive" euro coins (however, I don't find Sammarinese coins expensive, if you settle for mixed years set), so why to oppose this idea? I personally would like Andorra to issue it's own eurocoins. More eurocoins, the better.
Comment by Marcell Manfai on December 28, 2010 at 23:45
thanks!
Comment by euroHOBBY on December 28, 2010 at 23:44

and this document is about the issuance volumes that the EU was proposing for Monaco, Vatican and San Marino

 

http://ec.europa.eu/economy_finance/publications/publication15576_e...
Comment by euroHOBBY on December 28, 2010 at 23:40

this is the concluded agreement with the vatican - so now vatican can mint more coins thus why issued so many 50cents this year

 

http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:C:2010:028:0013:0018:en:PDF

 

Comment by Marcell Manfai on December 28, 2010 at 23:33
euroHOBBY, do you have further information about EU efforts? I'm not informed well about the issue.
Comment by Marcell Manfai on December 28, 2010 at 23:29

As I heard, the EU is taking steps to make the coins cheaper. (Every second coin of a country must be a circulating one, but maybe I'm wrong.)

(Well, I assume no €2 commemorative collectors want a second Grace Kelly issue...)

Comment by euroHOBBY on December 28, 2010 at 23:28
i agree with Leandros though now the EU is doing its best to increase the issuance volume for these countries

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