ECB Press Release

PRESS RELEASE - Update on the euro cash changeover, 18 January 2002.

Three weeks after the introduction of the euro banknotes and coins, the euro cash changeover is close to being complete for consumers. Face-to-face cash transactions in euro have been developing faster than expected, while the conversion of vending machines to accept the euro is taking place as foreseen. The total value of (euro and national) banknotes in circulation in the euro area was EUR 353.6 billion on 17 January 2002,