The Council of Ministers has given its approval for the public business entity Fábrica Nacional de Moneda y Timbre-Real Casa de la Moneda (FNMT-RCM) to formalize, by means of a framework agreement, the contracting for the supply of blanks, that is, metal discs prepared to be minted in the production of euro denomination legal tender coins, for an estimated amount of 42 million euros, not including VAT.
Fábrica Nacional de Moneda y Timbre is the only institution authorized to produce circulating currency in Spain, in accordance with the needs set by the Directorate General of the Treasury and Financial Policy and coordinated with the Bank of Spain within the framework of the Money Commission.
In order to be able to carry out this public function in a context of varying needs, FNMT-RCM requires a mechanism that allows it to streamline and organize the purchase of blanks according to the projected demand.
In recent years, the volume of issuance has increased and, in particular, a high level of minting of 1 euro coins has been maintained, which has been increased following the latest review for 2026, with an initial forecast of this denomination of 127 million units and the possibility that this figure may be higher in 2027.
In addition, given the current situation in raw materials markets, and metals in particular, it is considered advisable to put in place a framework agreement that facilitates more efficient and faster management in the purchase of this raw material, avoiding supply interruptions that could jeopardize manufacturing commitments.
In this context, the Board of FNMT-RCM decided to submit to the Council of Ministers, for its authorization, the launch of a procurement file by framework agreement for the supply of blanks intended for the minting of circulating euro currency, for an estimated value of 42 million euros (excluding VAT) and a term of validity of 24 months from its signing, with no option for extension.