RBI group okays e-money

INDIA - The RBI Working Group on electronic money has said that e-money could be used as a substitute for the central bank notes and coins even though it would not be "desirable" to place any limit on storing monetary value in e-money.

Euro did cause price prices - Eurostat

GERMANY - The changeover to euro banknotes and coins might have added as much as 0.2 percentage points to eurozone inflation in the first half of this year, Eurostat, the European Union's statistical agency, said on Wednesday.

Russia issues world cup commemorative coins

RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.

ECB Press Release

PRESS RELEASE - ECB recognises partners' valuable contribution to the smooth introduction of the euro banknotes and coins 5 February.

ECB head predicts harmonisation call

EUROPE - Wim Duisenberg, European Central Bank president, yesterday forecast the introduction of euro notes and coins would lead to public demand for more harmonisation in the European Union, with particular focus on taxes.

Let pounds and euros compete

ARTICLE - For well over a decade there has been a ceaseless political battle over whether Britain ought to join the euro. The introduction of euro notes and coins at the beginning of this year has raised the decibel level of the controversy but has not…

Euros become majority currency in Ireland

IRELAND - The amount of euros in circulation has for the first time surpassed the amount of pounds in circulation, according to latest figures from the Central Bank of Ireland. At close of business on Thursday, the Central Bank had issued 148 million…

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