The Commemorative banknote will be issued in limited quantities and, therefore banks and financial institutions have been requested to issue the CHOGM banknotes randomly to customers together with other circulation notes using the ATMs and in the banking halls. Banks shall accept exchange of existing bank notes and coins for the CHOGM banknote and vice versa.
It is of utmost importance that the legislation on the Single Supervision Mechanism (SSM) is finalised before the summer break now that a political agreement has been found. This is an absolute prerequisite if we want to embark upon our preparatory work in a timely and effective fashion, so that the SSM is operational by mid-2014.