Central Banking

ECB agrees 10% increase of euro notes production

The European Central Bank on Mar 15, 2001 said it approved a 10 percent increase in the production of euro banknotes to create an additional reserve and help smooth the changeover to euro cash.

Under the original plan, about 14.25 billion euro banknotes worth around 624 billion euros ($566.2 billion) were to due to be prepared to enter into circulation on January 1, 2002. "We want to be on the safe side. The launch is not at all at risk and it's clear there will be enough notes and coins in ci