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Euro Adoption Went Smoothly, Government Agrees

7 February 2007

The euro changeover in Slovenia was carried out without problems and according to plans, the government agreed at Wednesday's session. This proves that the preparations for the adoption of the euro were thorough, says the report on the euro switch adopted by the cabinet.

The report, prepared by the task force overseeing the technical preparations for the adoption of the euro, says that Slovenia responded to problems fast and solved them immediately. In banks the introduction of the euro went smoothly and the euro act was implemented without complications, the report adds.

The report is divided into two parts. The first part analyses the preparations which took place before the big bang switch on the 1 January, while the second part examines the two week phase of dual circulation.

The report was also presented today to the board of governors of Banka Slovenije, Slovenia's central bank. Meanwhile, an independent report also confirmed the view that Slovenia adopted the euro flawlessly.

In its report for February, the international rating firm Dun&Bradstreet (D&B) said the switch was carried out excellently and without hiccups.

Source: Slovene press agency