login
login

Europe Daily Bulletin No. 8053

22 September 2001
Contents Publication in full By article 29 / 38
GENERAL NEWS / (eu) eu/euro
ECB notes that Europeans have started depositing hoarded cash in banks

Brussels, 21/09/2001 (Agence Europe) - Eurozone citizens who have been hoarding money under their mattresses have started depositing it in bank accounts ahead of the upcoming currency upheaval, says the ECB in its September report. It reports that the volume of notes in circulation in the eurozone contracted at a faster rate between the fourth quarter of 2000 and the second quarter of 2001. In July 2000, the drop in cash in circulation reached the rate of 6.4% in a year, notes the ECB, which...

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION