On those occasions, Mr. Noyer outlined the importance of the process for the whole world, and reviewed relevant issues for countries outside the euro area. Today, I would like to dwell on the same topic – the euro. Let me begin by giving you an update of the euro cash changeover.
I will then talk about the recent global economic developments and their impact on the euro area, before turning to the international role of the euro. Euro cash changeover Let me first turn to the introduction of the euro banknotes and coins.