Banknotes

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…

China mulls boosting euro reserves

CHINA - Just as the initial euphoria from the introduction of notes and coins wears off, the euro has received a boost from news that China could be buying more euros to reduce its reliance on the dollar.

5m euros are stolen in three months

EUROPE - Armed gangs and other criminals have stolen Euros 5m ( £3.1m) in the three months since minting and printing of euro notes and coins began, and the situation is set to worsen, European police have warned.

Speech by Governor of the National Bank of Belgium

SPEECH - Speech by Guy Quaden, Governor of the National Bank of Belgium in Ottawa, 30 November. In the speech titled 'The Monetary Policy of the European Central Bank and the Economic outlook in the Euro Area' Guy Quaden said that the introduction of…

ECB post findings on how rate moves affect economy

GERMANY - Ordinary Europeans may quickly get used to the new euro notes and coins that begin circulating in a few weeks, but it may be years before the European Central Bank fully understands the functioning of the new economy created by the common…

Brussels more confident of successful euro switch

EUROPE - With euro notes and coins less than 50 days away, the European Commission yesterday expressed optimism about a successful changeover from national currencies. The latest monthly Eurobarometer survey registered growing understanding of the single…

Error rate high with euro notes trial in France

FRANCE - Two months before euro notes and coins come into circulation, the financial community is concerned that cashiers in shops and banks will not be ready to use euros and detect fake notes from 1 January.

Dutch plan euro giveaway

NETHERLANDS - On 1 January 2002 the euro finally becomes legal tender in 12 different countries. More than 15 billion euro notes and 50 billion coins will be delivered to banks around Europe over the next few weeks in preparation.

New notes pose problems for cash machines

SPAIN - Spain's Azkoyen, one of the world's leading cigarette and vending machine producers, is already cashing in on next January's launch of euro notes and coins.

Readiness for euro may be falling

EUROPE - Fewer European companies say they are ready for the introduction of euro notes and coins now than a year ago, according to a survey of big businesses in the euro-zone.

Putting euro banknotes and coins into circulation

Speech - Eugenio Domingo Solans, Member of the Governing Council and the Executive Board of the European Central Bank delivered a speech at the Euro 2002 Information Campaign conference hosted by the Banco de Portugal on 15 May.

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