CB to work out ideas for commercial banks on euro

HUNGARY - The National Bank of Hungary (MNB) is preparing recommendations to commercial banks regarding the introduction of euro coins and notes in 12 EU member states as of 1 January 2002, MNB spokesperson Gabor Missura said.

The non-obligatory recommendations would advise commercial banks not to open foreign currency accounts after 1 August 2001 in currencies that will be replaced by the euro. In addition, the MNB will recommend that banks convert such existing foreign currency accounts to e

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