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Ordinary legislative procedure First reading

Legal tender of euro banknotes and coins

A proposed EU law. Parliament and the Council must agree on the same text: Parliament adopts its position, then negotiates with the Council.

Where it stands: Parliament’s negotiators are talking to the Council (last trilogue 20 October 2026); the plenary vote on the outcome is still to come.

  1. ✓ Referred to committee 13 July 2023
  2. ✓ Committee work Report adopted 23 June 2026
  3. ✓ Tabled for plenary 26 June 2026
  4. 4 Plenary vote Awaiting the vote
  5. 5 Negotiations with the Council Trilogue 20 October 2026
  6. 6 Published as law
How a file moves through Parliament

A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. For a law, Parliament’s adopted text is its first-reading position; Parliament and the Council then negotiate a common text (trilogues) which both must approve before it is published as law.

Who is working on it

Lead committee
ECON — Economic and Monetary Affairs
Rapporteur
Fernando NAVARRETE ROJAS PPE
Shadow rapporteurs
Nikos PAPANDREOU S&DAuke ZIJLSTRA PfEStephen Nikola BARTULICA ECRGilles BOYER RenewDamian BOESELAGER Verts/ALEPasquale TRIDICO The LeftRada LAYKOVA ESN

The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.

The text, version by version

Tabled for plenary · latest Report A10-0184/2026 26 June 2026 ✦ Parliament's amended version of a proposed regulation on the legal tender of euro banknotes and coins. It defines mandatory acceptance at full face value, bans surcharges, and lists exceptions where payees may refuse cash.⇄ what changed Committee draft Draft report (ECON) 3 November 2025 ✦ The draft report sets out Parliament's position on the proposed regulation on the legal tender of euro banknotes and coins. It amends the Commission proposal to require Member States to monitor cash acceptance and access to cash, including in outermost and sparsely populated areas.⇄ what changed Committee draft Draft report (ECON) 11 January 2024 ✦ This is the rapporteur's draft report on the Commission proposal for a regulation on the legal tender of euro banknotes and coins. It adopts a first-reading position with amendments.

Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.

Timeline

  1. Negotiations with the Council
  2. 20 October 2026 Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  3. 8 October 2026 Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  4. 30 September 2026 Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  5. 10 September 2026 Trilogue meeting

    Negotiation between Parliament, Council and Commission on a common text.

  6. 8 July 2026 Plenary endorsed the mandate to negotiate with the Council

    Parliament’s negotiators can now seek a compromise text with the Council (in “trilogues”).

  7. Plenary stage
  8. 26 June 2026 Report tabled for plenary

    This is the text all MEPs vote on. Political groups can still table amendments to it.

    📄 Report A10-0184/2026
  9. Committee stage
  10. 23 June 2026 Committee vote: report adopted

    ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.

  11. 19 December 2025 Amendments tabled in committee

    Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.

    📄 Amendments in committee (ECON)
  12. 3 November 2025 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

    📄 Draft report (ECON)
  13. 11 January 2024 Draft report published

    The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.

    📄 Draft report (ECON)
  14. 13 July 2023 Referred to the ECON (Economic and Monetary Affairs) committee

    The lead committee prepares Parliament’s report.