So, in the medium term, each economy has to stand on  4  BIS central bankers’ speeches  its own feet. It has to be productive and competitive enough to benefit from the opportunities afforded by the Single Market. We can do and have done much to reduce imbalances that are generated by factors other than lack of competitiveness and structural weaknesses.
As with the $ and $ bank notes, which were introduced into circulation over the past year, the Bank of Canada has worked with financial institutions and retailers to ease the transition from the old to the new so that the businesses that handle cash can readily adapt.