Coping with New Year hangovers from the euro

Coping with New Year hangovers from the euro

Headline: Coping with New Year hangovers from the euro Source: EuromoneyDate: January 2002Author: Nigel Page Introduction of euro notes and coins involves complex decisions on the part of bankers on how to deal with legacy currencies in contracts. Is the UK watched from the sidelines on January 1, around €14 billion […]

Headline: Coping with New Year hangovers from the euro
Source: Euromoney
Date: January 2002
Author: Nigel Page

Introduction of euro notes and coins involves complex decisions on the part of bankers on how to deal with legacy currencies in contracts.

Is the UK watched from the sidelines on January 1, around €14 billion in euro notes and €50 billion in coins were distributed across the 12 eurozone member countries. If and when the UK finally decides to join the party, the far-reaching changes facing UK banks will not be limited to operational and compliance matters.

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Coping with New Year hangovers from the euro

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