Consultation on a legislative draft

REPuBLIc OF EsT0NIA () MINIsTRY OF Christine Lagarde European Central Bank Our ref. 02.02.2024 No 1.1-10.1/568-1 Sonnemannstrasse 22 60314 Frankfurt am Main Germany Consuitation on a legislative draft Dear Ms Lagarde, Pursuant to Articles 127(4) and 282(5) of the Treaty on the Functioning of the European Union, Article 4 of the Statute of the European System ofCentral Banks and of the European Central Bank, as well as Article 2(1) of the Council Decision of 29 June 1998 on the consultation of the European Central Bank by national authorities regarding draft legislative provisions (98/415/EC), the Ministry of Finance hereby asks for the ECB’s opinion on the draft law regarding amendments in the Act on Introduction of Euro and related amendments to other laws. The aim of the draft law is to establish the rounding of purchase amounts paid by cash in order to significantly limit the circulation of 1 and 2 euro cent coins from 1 January 2025. If any further information is needed, please contact Jarmo Lilium, adviser, Financial Services Policy Department, Ministry ofFinance (phone: +372 5302 6314, email: [email protected]). Yours sincerely, Evelyn Luvamagi Deputy Secretary-General for Financial and Tax Policy Encl. 1. Draft Legislation (in Estonian, 3 p) 2. Explanatory note (in Estonian, 14 p) Jarmo Lilium +372 5302 6314 [email protected] Suur-Ameerika 1 / 10122 Tallinn / Estonia /+372 611 3558 / [email protected] www.rahandusministeerium.ee / Reg. code: 70000272