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Finetuning of preparations for euro adoption continues at National Bank

Slovakia's central bank (NBS) has reaffirmed January 1, 2009 as the date of introducing the euro coins and banknotes for the country's legal tender and that private individuals and corporations will be obliged to accept the euro as a means of payment. The January 1-16 period will be used to serve for the replacement of cash crowns with euros. During this period entrepreneurs and state authorities shall accept payments in both crowns and euros but return extra cash in euros, except in cases of mutual agreement on an alternative method of payment. To safeguard shops from becoming receptacles for small change, payments in Slovak korunas during this dual-currency phase may be rejected if more than 30 coins of different face value, or more than 20 coins of the same face value, are proffered. TASR

Slovakia's central bank (NBS) has reaffirmed January 1, 2009 as the date of introducing the euro coins and banknotes for the country's legal tender and that private individuals and corporations will be obliged to accept the euro as a means of payment. The January 1-16 period will be used to serve for the replacement of cash crowns with euros. During this period entrepreneurs and state authorities shall accept payments in both crowns and euros but return extra cash in euros, except in cases of mutual agreement on an alternative method of payment.

To safeguard shops from becoming receptacles for small change, payments in Slovak korunas during this dual-currency phase may be rejected if more than 30 coins of different face value, or more than 20 coins of the same face value, are proffered. TASR

Compiled by Zuzana Vilikovská from press reports
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