The National Changeover Plan, published some weeks ago, draws attention to arrangements for the period of transition pending the introduction of euro banknotes and coin. During this period banknotes of the member States participating in EMU must be exchanged at par value. From January the Central Bank will provide an inward exchange service free of charge.
Exchange rate/interest rate I am under the usual constraints in regard to comment on current exchange rates and interest rates for the Irish pound. These issues are highly sensitive. Determination of exchange rate policy is the prerogative of the Minister for Finance.