ECB Press Release

PRESS RELEASE - Update on the euro cash changeover, 9 January 2002.

The introduction of the euro banknotes and coins is progressing very well. By 8 January 2002 more than 2 billion EUR 5 banknotes, more than 2 billion EUR 10 banknotes and close to 2 billion EUR 20 banknotes had already been issued. The return of national currencies is increasing as expected. The total value of national banknotes in circulation declined further by 4.8% to EUR 210.1 billion, that is to say from EUR 220.7 billion