Dáil Éireann Debate, Wednesday - 1 May 2013
86. Deputy Pearse Doherty asked the Minister for Finance the guidelines that exist for banks regarding lodgements they can refuse to accept, that is, packs of coins under a certain value or coins as part of priority lodgments for businesses.; and if he will make a statement on the matter. [20634/13]
Amharc ar fhreagraI, as Minister for Finance, have no statutory role in relation to regulated financial institutions refusing to accept lodgements of packs of coins as raised by the Deputy. It is a commercial matter for each institution concerned how it conducts individual transactions. However, I have been advised by the Central Bank that Section 10 of the Economic and Monetary Union Act 1998 states that: "no person, other than the Central Bank of Ireland and such persons as may be designated by the Minister by order, shall be obliged to accept more than 50 coins denominated in euro or in cent in any single transaction."
