Central Banking

Fears that euro ATMs will run dry

UK - The stock of euro notes in banks' cash machines is in danger of running out in the first weeks of the new currency's launch on 1 January, bankers have warned.

The European Banking Federation said the latest stage of "frontloading" - filling the ATMs in advance of 1 January - was ahead of schedule, with eight of the 12 eurozone countries due to have all their machines stocked with euros on day one. However, there were concerns about the rate at which the machines would need to be replenish

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