ECB - Over 90% of banknotes now replaced by euro

GERMANY - The amount of euro banknotes in circulation has reached more than 90% of the estimated number needed to replace the national banknotes circulating in the euro zone in 2001, the European Central Bank said Friday.

The value of the euro banknotes amounted to EUR204.9 billion 17 January, compared with EUR148.7 billion in national banknotes in circulation.

Last Friday the ECB said the total value of euro banknotes in circulation for the first time exceeded that of the national banknotes.


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