Euro notes and coins changeover hailed a success


BRUSSELS -- The January 1 introduction of euro notes and coins went very smoothly and the success of the operation was beyond expectations, European Central Bank president Willem Duisenberg said in January.

The rapid conversion to euros of 200,000 automated teller machines (ATMs) was a key factor in the smooth changeover, he said. Around 70% of banknotes in the 12 eurozone countries are put into circulation via ATMs.

National currencies had practically disappeared from circulation in the 12

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