When the first 12 European countries introduced euro cash each country defined a transitional period for the parallel use of the euro and the national currency, based on the maximum time frame set by the EU legislator. BIS Review 84/2009  3  A common migration end-date across Europe should, however, give national communities the possibility of setting earlier dates at the national level.
Setting an end-date for SEPA migration would facilitate communication and provide more certainty for all stakeholders. The most viable option for determining a migration end-date is through regulation by public authorities, for instance by way of an EU regulation. The Eurosystem appreciates the fact that the European Commission has launched a public consultation on this matter.