Magazine

Table: The Countdown to Euro


JULY, 2001

Credit-card bills convert to euro. Store prices will be shown primarily in euro. Most companies start paying salaries in euro.

AUTUMN, 2001

New coins start arriving in banks and big stores. Bank accounts denominated in euro. New accounts opened only in euro.

DECEMBER, 2001

Euro notes start arriving in banks and stores. Consumers can buy small "starter packs" of euro currency from banks.

JANUARY, 2002

Euro introduced. ATMs and banks give only euro. Shops make change in euro only. Withdrawal of the national currencies starts.

MAR. 1, 2002

The old euro-zone currencies cease to be legal tender in most places. Stores no longer accept them. They must be exchanged at banks.

Data: Euro-zone central banks


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