The official site of Italy's central bank

Coins

Deposits of euro coins by banks and Poste Italiane S.p.A.

On 1st January 2008 the Bank of Italy opened, at its Rome CDM branch, a collection point where banks and Poste Italiane S.p.A. can deposit their excess euro coins. The coins will then be used to supply the banking and postal systems. A packaging standard has been defined that makes it possible to identify the persons (banks or Cash In Transit companies - CITs) that have sorted and packaged the coins.

For the deposit and withdrawal of the packages, banks and Poste Italiane must issue an exemption from liability warrant for the facilitated coin deposit and withdrawal procedure, and if they intend to avail themselves of a CIT company, to notify the identities of the company staff members assigned to the deposit and/or withdrawal of the boxes of coins.

This documentation (the form to fill-in is available at all Bank of Italy branches), must be exhibited at the Rome CDM branch. Banks not present in Rome shall deliver the necessary documentation to the branch at which they have their central bank account, which will forward it to Rome CDM branch.

Deposits and withdrawals must be booked in advance and agreed with the Rome CDM branch.

The coins must be packed in non-transparent single-denomination cardboard boxes. Each box contains a given number of rolls of coins, as specified in the table:

For a transitional period, 1-euro and 2-euro coins will also be accepted in 40-coin rolls.

Each box must carry a label showing the following data:
- the corporate name of the cash handler (CIT) that made the package;
- the denomination of the coins;
- the number and total value of the coins and the specification of the bank that has entered into the agreement with the Bank of Italy.

Each roll must indicate the country (IT for Italy) and the code number of the cash handler that has sorted and packaged the coins.
Codes are assigned by the Bank of Italy upon request by the interested companies. Requests should be submitted to:

Banca d'Italia
Servizio Cassa Generale
Divisione Analisi della circolazione e movimenti fondi
Via Nazionale, 91
00184 Roma