The costs of conversion for the UK

One of the factors businesses take into account in forming an opinion on the euro is the costs of conversion - changes to computer systems, cash machines, price labels, and staff training for example. These costs are thought to be very considerable. The European Banking Federation in 1994 estimated the costs for their industry at between 1% and 2% of annual operating costs for each of the three years then envisaged for the changeover. Other estimates are more striking. For a supermarket,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: