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Slovenia makes smooth switch to euro

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Slovenia makes smooth switch to euro


Slovenia’s switch to the euro single currency seems to have passed off smoothly. Finance Minister Andrej Bajuka said no major problems have been encountered: “We’re informed that the procedures that have been planned are being executed in the way that it has been foreseen and that no major problems have appeared so far. We look with a certain degree of optimism to the next stages over the next few days.”

The Slovene tolar and the euro will be in dual use until January 15th. From then on, the euro will be the sole legal tender. A survey found 97 per cent of businesses were ready for the changeover. “For the moment, everything is going smoothly, we have enough small change and I think there shouldn’t be any problems,” said one restaurant owner.

Analysts had predicted technical difficulties and price hikes. “In nightclubs last night they were using different exchange rates and waiters always tend to round up the sum to the larger amount,” claimed one customer. Slovenia, a former communist country, is the first of the ten new EU members that joined in 2004 to have met the economic requirements needed to adopt the single currency.

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