In relation to numerous requests for payment made by asserting the collective ownership of the single European currency and its seigniorage income, received by the Bank of Italy as a result of the exposure given by the media to the decision of Justice of the Peace of Lecce No 2978/05, the Institute reports that the ruling, which takes effect only between the parties of the original trial, a decision is entirely isolated, already rejected by the Justice of Peace Pizzo Calabro, who, with a ruling filed on April 8, ca 17 orders and other similar content, considered the individual components of the national communities lack the power to take legal action to challenge the public authority issuing currency and management of monetary value.
The award of the Justices of the Peace of Lecce been challenged by the Bank of Italy at the Supreme Court of Cassation, which is called the final decision of the dispute, to be discussed before the summer.
Please note finally that, even before the adoption of the single currency, the courts had repeatedly rejected similar claims of collective ownership of shares in the money supply, grown to the Bank of Italy, as issuing bank for a pound . actors sometimes condemning to damages for vexatious litigation 2. In light of the foregoing, the Bank of Italy will continue to reject claims for payment of the seigniorage income.
Read also: http://www.bancaditalia.it/servizi/edu/signoraggio.pdf
