We work in close co-ordination with other agencies such as the Euro Changeover Board of Ireland and Forfás and the Office of the Director of Consumer Affairs and I would like to acknowledge the contribution that these are making to preparations.
There is understandable concern that the changeover may boost inflation as traders may take advantage of the situation and round up prices or seek compensation through price increases for changeover costs that they may incur. In Ireland it is part of the folklore that decimalisation in the 1970s had inflationary consequences at the time.