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Euro changeover according to plans

1 January 2007

At 4 pm on 1 January 2007, 1,400 automated teller machines were operational which represents 92% of the ATM network. There were 17,233 withdrawals recorded totalling 770,000 euros with an average of 45 euros per withdrawal. The balance on accounts was checked by 14,043 inhabitants. This key information was released by the Governor of the Bank of Slovenia, Mr Mitja Gaspari, at today's press conference. The Minister of Finance, Mr Andrej Bajuk, pointed out that the introduction of the euro was running as planned and commended Slovenians for their moderate and reasonable behaviour in the transition to a new currency.

Mitja Gaspari
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Foto: Gregor Wernig - Salomon 2000

Mr Gaspari added that the majority of banks have already carried out the planned activities. Banks are starting with their normal operations. According to the expectations of the Bank of Slovenia, the majority of cash in tolars will be taken from circulation already during the first week of January. Around 215 billion Slovenian tolars were in circulation prior to eurochangeover, of which slightly less than 100 billion tolars remain in circulation today. The Bank of Slovenia does not expect any major problems on Wednesday when payment transactions will start and the introduction of the new currency will be fully implemented.

Andrej Bajuk
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Foto: Gregor Wernig - Salomon 2000

Mr Bajuk said that on the first day of the introduction we could establish that the system was efficiently prepared. He drew attention to the significance of the value of the new currency, and that we should continue to monitor prices in order to prevent abuse.

Source: Government PR and Media Office