The euro has become a reality for 300 million citizens in 12 European countries
Published:
1 January 2002 y., Tuesday
The euro has become a reality for 300 million citizens in 12 European countries as notes and coins go into circulation for the first time on 1 January 2002.
Over 6bn notes and nearly 40bn coins have been distributed to banks, retail shops, and cash machines which begin dispensing the new currency at midnight (1100GMT).
Celebrations are being held in many European capitals, with fireworks and concerts in Frankfurt, the home of the European Central Bank.
Early indications are that the huge logistical task of distributing the new currency has gone relatively smoothly, with little evidence of either counterfeiting or price rises.
European Commission President Romano Prodi said the currency would be an instrument of economic stability and growth across Europe.
Šaltinis:
BBC News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.
more »
Saddled with an ongoing housing crisis, rising unemployment and an arguably flawed system of balancing the budget, California's "Golden dream" has turned a dismal shade of gray.
more »
ATM software provider Level Four Americas LLC found in a recent survey that 67 percent of U.S. adults who use financial institution with ATMs would be likely to switch FIs after an instance of ATM fraud or a data breach.
more »
As designers put the finishing touches to their collections ahead of this year New York fashion week, the recession is on everyone's minds.
more »
On February 17 - March 13 this year, AB Bank SNORAS distributes one-year bonds with the fixed 11 per cent annual return, which can be regained after keeping the bonds for at least 28 days.
more »
Europe's controversial fishing policy was under scrutiny Tuesday at a public hearing in Parliament about its future shape.
more »
The European Commission has approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
In the special action of Bank SNORAS the participating depositors were presented 12 monetary prizes whose value reaches from 1 up to 50 thousand Litas.
more »
Solid performance despite rapid economic slowdown.
more »