On this point, too, the European central banks can draw on a wealth of experience in connection with the changeover to the euro, since a network of this kind was already employed successfully at the turn of last year. The information channels that have already been set up will be used for the changeover from 1999 to 2000.
Owing to its position, the Bundesbank has already been involved for some considerable time in a wide variety of discussion forums dealing with the Year 2000 problem. Nationally, it maintains close contact with the German banking industry through the Year 2000 Forum of the Central Credit Committee. It is also represented in the expert group at the Federal Ministry of Economics and Technology.