Euro changeover "better than expected"

GERMANY - The European Central Bank reported on Wednesday that the launch of euro cash was progressing smoothly despite exceptionally high demand for the new notes. "The euro cash changeover is going smoothly, even better than we had expected," said ECB board member Eugenio Domingo Solans.p>

By the end of the first day of the euro's entry into circulation, 100 percent of cash dispensers in Austria, Germany, Luxembourg and the Netherlands were distributing euro banknotes, the central bank said