Exchange of banknotes and coins
In the Eurosystem, the regulation and efficiency of fiduciary supply and the maintenance of the quality and authenticity of euro banknotes in circulation are, in the first instance, the responsibility of the European Central Bank (ECB) as well as, under the tasks incumbent on them in the monetary issue field, the euro area national central banks, including Banco de Portugal.
The right to issue euro coins remained with euro area countries, without prejudice to approval by the ECB of the volume of such issues. The entity responsible for the issue of coins varies from country to country. In Portugal, this responsibility is the State’s, while the responsibility for putting them into circulation falls on Banco de Portugal.
Banco de Portugal supplies the required quantity of banknotes and coins through exchange operations to the public, thus matching cash supply and demand, ensuring efficient circulation and reducing the risk of shortage of some euro banknote or coin denominations in Portuguese territory.
Various operations are available over the counter in Lisbon, the Oporto branch, the Regional Delegations of the Azores (Ponta Delgada) and Madeira (Funchal) and Agencies (Braga, Castelo Branco, Coimbra, Évora, Faro and Viseu).