Kohútiková expects restrictions on bank services after Euro adoption

Slovakia's changeover to the Euro, officially set for January 1, 2009, may temporarily disrupt some banking services early that year, said former central bank vice-governor Elena Kohútiková, who sits on the board of directors of VÚB bank.

Slovakia's changeover to the Euro, officially set for January 1, 2009, may temporarily disrupt some banking services early that year, said former central bank vice-governor Elena Kohútiková, who sits on the board of directors of VÚB bank.

Kohútiková, who also headed Euro preparations at the central bank, said that some automated teller machines could malfunction.

"Of course, there are risks that we will have to make allowances for, such as bank machines not dispensing euros as of midnight,” she said.

But Kohútiková expects all services will be restored no later than January 5, 2009.

In the meantime, Slovak food companies announced they are on schedule for Euro adoption. TASR

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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