Central Banking

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.

Tests conducted in some retail chains after training sessions show the problems encountered by staff, even with dummy notes. The error rate was very high. At McDonald's, the error rate represented up to 5% of daily turnover. At Carrefour the rate was 3%, compared with a usual rate of

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