• 2 Euro 2019, Belgium, Philippe, 25th Anniversary of the European Monetary Institution
  • 2 Euro 2019, Belgium, Philippe, 25th Anniversary of the European Monetary Institution
Description

The European Monetary Institute (EMI) was the forerunner of the European Central Bank (ECB). It was created 1 January 1994 and was the key monetary institution of the second phase of the Economic and Monetary Union of the European Union (EMU). The EMU encouraged cooperation between the national banks of the member states of the European Union (EU) and laid the foundation for the euro. The institute was dissolved on 1 June 1998 with the creation of the ECB and the European System of Central Banks (ESCB) which took over its expanded responsibilities as the euro was launched.

Obverse

Depicts a portrait of Alexandre Lamfalussy in front of circles with Euro sign, ECU (European Currency Unit, a former basket of the currencies of the European Community, precursor to the Euro) and BEF (Belgian Franc). The inscription above, date below.

Alexandre, Baron Lamfalussy (1929–2015), was a Hungarian-born Belgian economist and central banker. From 1994 to 1997 he was founding president of the European Monetary Institute in Frankfurt, forerunner to the European Central Bank.

Below there are:
• coat of arms of the municipality Herzele
• country code BE
• logo of the Royal Dutch Mint (caduceus or Mercury's wand, a short staff entwined by two serpents)
• initials LL referring to the designer of the coin, Luc Luycx

European Monetary Institute
1994
EMI LL

ECU
BEF
A. Lamfalussy
BE 2019

Reverse

A geographical map of Western Europe spans the outer ring and inner core on the right side of the coin. The inscription 2 EURO is superimposed over the map of Europe, with the numeral “2” located in an open field representing the eastern Atlantic Ocean.

12 stars are located on the right side of the outer ring, with six stars atop the map of Europe and six stars below it; six vertical stripes cut across the inner core of the coin, visually connecting the upper and lower star segments.

Luc Luycx, a designer at the Royal Belgian Mint, designed the Euro’s common reverse; his initials, LL, are seen on the right side of the design, just under the “O” in “EURO.”

2 EURO
LL

Edge

The sequence "2 ★ ★" repeated six times alternately upright and inverted.

2 ★ ★ 2 ★ ★ 2 ★ ★ 2 ★ ★ 2 ★ ★ 2 ★ ★

2 Euro

25th Anniversary of the European Monetary Institution

KM#
Characteristics
Type Commemorative Issue (Non-circulating)
Material Bi-Metallic
Ring Cupronickel
Center Nickel Brass
Weight 8.5 g
Diameter 25.75 mm
Thickness 2.2 mm
Shape round
Alignment Medal
Mint
Royal Dutch Mint (KNM)

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