Central Bank: Euro Changeover to Cost Slovenia EUR 4.2m

A central bank official has told a meeting of business officials that the costs to the state of the anticipated changeover to the euro will stand at around SIT 1bn (EUR 4.2m).

Bank of Slovenia Vice Governor Andrej Rant told Wednesday's meeting of the Zlatorog business club in Celje that the costs would be related predominantly to the circulation of euro notes and coins.
According to Rant, 750 tonnes of euro coins and 73 tonnes of euro notes would start being delivered to Slovenian banks as of 1 December.
Teller machines would begin to be loaded with euro notes three hours before New Year's Day, with 60% to 70% of all cash points in the country filled with euros by the start of the year.
Rant reiterated that Slovenia was well on track to adopting the euro as it continued to fulfill all the set criteria for eurozone membership.

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