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

A geographical image of Europe

Ribbed with the inscription '2 ★ ★ 2 ★ ★ 2 ★ ★ 2 ★ ★ 2 ★ ★ 2 ★ ★'

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.