Central Banking

Phasing out the euro with e-money

FEATURE - Now that the physical euro has been successfully introduced, it is time to press ahead with the next phase - getting rid of the physical euro.

By Leo Van Hove. Originally published in the Wall Street Journal Europe, 25 March.

The introduction of the euro notes and coins has given a boost to electronic money. In Belgium, usage of the local Proton electronic purse in January 2002 just about doubled compared to the like period a year earlier. In the Netherlands, the number of Chipknip

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