| Taoiseach
makes his first purchase in euro
The Taoiseach, Mr. Bertie Ahern T.D., said
that this was an historic day for Ireland as we join with eleven
other European countries in adopting euro notes and coins as our new
single currency. He was making his first purchase in euro at his
local newsagent, O'Neill's in Drumcondra, today, (Tuesday, 1st
January 2002).
"I am pleased that overall, the first phase of the cash
changeover in Ireland has been carried out successfully and I
compliment all those involved. Already over five million customer
accounts have been converted to euro, free of charge by the
financial institutions. Telephone and Internet banking have been
converted to operate in euro. Over 40,000 point-of-sale terminals
for Laser and other card transactions were converted to euro at
4.00a.m. The ATM machines dispensed their last Irish notes at 1.30
this morning and have been coming back into operation on a phased
basis, dispensing euro notes, since 6.00a.m.," he said.
Mr. Philip Hamell, Chairperson of the Euro
Changeover Board of Ireland said that the Irish Bankers' Federation
and the Irish Mortgage and Savings Association have confirmed that
all current accounts, loan accounts, savings accounts, deposit
accounts and mortgage accounts have all been successfully converted
to euro free of charge by the banks and building societies and that
the conversion of accounts in An Post had also taken place as
planned.
"The banks have confirmed that ATM
machines have been coming back into operation and the process is on
target to have the majority of them (over 80%, or more than 1,000
ATMs) back in normal operation and dispensing euro notes, mainly
€10 and €20 notes, by this evening. They have also reminded
customers that existing ATM cards, Laser and credit cards will
continue to operate as normal and Personal Identification Numbers
remain unchanged," he said.
"Retailers, public transport operators
and public houses are starting to give euro notes and coins in
change. Toll bridges and parking meters are also accepting euro and
Irish pounds. The National Lottery has also confirmed that LOTTO and
scratch cards are back on-line. We ask that people use one currency
only when paying for an item, rather than offering a mix of euro and
Irish pounds. Be patient and allow a little extra time when
purchasing goods and services as we all get used to the new
currency. Also remember to use the euro coins from your starter
packs," Mr. Hamell said.
For further information on the changeover,
consult your euro changeover Handbook.
Information is also available on the
Board's website www.euro.ie or from
its LoCall number 1890 20 10 50 (Fax number 01-6396203)
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