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0 Euro - San Marino

Issuer Euro Souvenir (SEDT)
Year 2023
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Value 0 Euro (0 EUR)
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Obverse lettering SAN MARINO
EUROSOUVENIR
2023-2
0
EURO
SOUV
ENIR
R. FAILLE
C.E.O.
SEDT
★ ★ ★ ★ ★
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Signature(s) R. Faille (C.E.O., SEDT)
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Comments

San Marino is one of the few sovereign states entirely surrounded by another country, and it has never been a eurozone member in any formal sense — it uses the euro under a monetary agreement with the EU, with its own coin allocation, but issues no paper currency of its own. That gap is precisely what makes the SEDT souvenir format viable here: there is no competing official note. Oberthur Fiduciaire, a long-established French security printer, produces the physical item, while the signature of SEDT's CEO gives it the veneer of quasi-official issue it legally cannot claim.

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