Press Release: Shops switch to the euro

The changeover operations to the euro went smoothly on the first day of business in the Union on 2 January 2002. The level of business activity on was normal and a significant number of cash transactions took place in euros in several Member States. Many retailers across the euro area gave change in euros. No major logistical problems were reported. Queues, particularly in banks, were longer than on normal business days but proved manageable, and all customers were served. A large number of people now have euro notes and coins in their pockets, but there is some way to go before the changeover is completed. Many people in small towns and villages have still not replaced their national currency with euros and the practical arrangements for withdrawing national currencies are only just starting. The European Commission will continue to monitor the situation closely.