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30/08/2001
Countdown begins for the introduction of euro tender
The European Central Bank (ECB) have launched a campaign to introduce the Euro as legal tender.
With the new currency set to become legal tender in four months across 12 European states, armoured vans will begin distributing some 50bn coins and 15bn notes that will be needed by shops on January 1, 2002.
The ECB plans to blanket the airwaves with its information campaign, using the slogan "the euro, our money”, while national governments will distribute millions of leaflets to homes and businesses, as well as holding conferences and fairs.
However, there are fears that unfamiliarity with the new currency will make it easy for counterfeiters and fraudsters, and that shops and retailers could take advantage of the changeover to secretly boost their prices when converting them into euros.
Advocates of the single currency believe that the final creation of a monetary union, with an economy nearly the size of the USA, will lead to lower prices across Europe and boost economic growth. (MB)
With the new currency set to become legal tender in four months across 12 European states, armoured vans will begin distributing some 50bn coins and 15bn notes that will be needed by shops on January 1, 2002.
The ECB plans to blanket the airwaves with its information campaign, using the slogan "the euro, our money”, while national governments will distribute millions of leaflets to homes and businesses, as well as holding conferences and fairs.
However, there are fears that unfamiliarity with the new currency will make it easy for counterfeiters and fraudsters, and that shops and retailers could take advantage of the changeover to secretly boost their prices when converting them into euros.
Advocates of the single currency believe that the final creation of a monetary union, with an economy nearly the size of the USA, will lead to lower prices across Europe and boost economic growth. (MB)
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16 August 2001
Ireland’s companies should prepare for euro payslips
When the Republic of Ireland switches to the euro on 1 January 2002, one of the first visible signs for the working population will be receiving the euro amount on their payslips.
Ireland’s companies should prepare for euro payslips
When the Republic of Ireland switches to the euro on 1 January 2002, one of the first visible signs for the working population will be receiving the euro amount on their payslips.
14 August 2001
Euro reaches new high against US dollar
Last week’s improving fortune of the euro currency on the foreign exchanges has continued this week. The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
Euro reaches new high against US dollar
Last week’s improving fortune of the euro currency on the foreign exchanges has continued this week. The euro, which has long been viewed as a fragile currency, has found a new gear on Monday as it powered to a new high close to 90 cents.
15 August 2001
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
Euro tops 90 cents as it forges on to a new high
The euro was heading towards a new mid-year high as it pushed through the 90 cent barrier against the US dollar on Wednesday morning. The dollar slid against the euro and the yen as currency markets continued to respond to downbeat assessments of the health of the US economy made by the International Monetary Fund (IMF).
09 January 2002
Euro currency issues threaten business meltdown
IT recruitment specialists Sanderson Recruitment has warned that the introduction of the Euro into the UK threatens to cause a nationwide business meltdown with many firms failing to take on board the sheer size of the task associated with the expected currency change.
Euro currency issues threaten business meltdown
IT recruitment specialists Sanderson Recruitment has warned that the introduction of the Euro into the UK threatens to cause a nationwide business meltdown with many firms failing to take on board the sheer size of the task associated with the expected currency change.
17 May 2002
SDLP back move towards adoption of euro
The Finance Minister Dr Sean Farren has welcomed the strong indication that the Labour government may be moving closer to recommending entry into the Eurozone. Dr Farren said: “The SDLP has long been committed to the Euro and believes that Northern Ireland increasingly loses out the longer we remain outside the Eurozone.
SDLP back move towards adoption of euro
The Finance Minister Dr Sean Farren has welcomed the strong indication that the Labour government may be moving closer to recommending entry into the Eurozone. Dr Farren said: “The SDLP has long been committed to the Euro and believes that Northern Ireland increasingly loses out the longer we remain outside the Eurozone.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
