ECB mulls one-euro, two-euro notes

25th November 2003, Comments 0 comments

25 November 2003, FRANKFURT - The European Central Bank is considering introducing one-euro and two-euro notes following a request by some eurozone countries including Italy, a spokeswoman said Tuesday. The bank will examine the advantages and disadvantages of the lower-denomination notes by the end of next year, the spokeswoman said. Experts will have to consider the high costs involved including changing cash machines. If agreed, it is expected to take several years from design to production of the notes

25 November 2003

FRANKFURT - The European Central Bank is considering introducing one-euro and two-euro notes following a request by some eurozone countries including Italy, a spokeswoman said Tuesday.

The bank will examine the advantages and disadvantages of the lower-denomination notes by the end of next year, the spokeswoman said.

Experts will have to consider the high costs involved including changing cash machines. If agreed, it is expected to take several years from design to production of the notes. However, the notes would not replace existing coins, the spokeswoman said.

In Germany, a survey earlier this month showed most people would not be interested on smaller euro bank notes.

DPA
Subject: German news

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