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The main risk is ensuring that there is not a shortage of euro cash at the beginning of January. This has been addressed through frontloading and by increasing the production of low denomination notes. There are risks to the cash distribution process from storing and transporting large amounts of cash; there is also a risk of industrial action cash advance in hawaii, and of course bad weather. Many of these risks are greatest during the period of frontloading, though national authorities have contingency plans in place until the cash exchange period is complete, and there will be an information network to enable them - and us - to keep in touch.
Practical Issues Arising from the Euro: May 2002 45 Change in euro As a way of helping to speed up the cash changeover, retail associations throughout the euro area had given a commitment that retailers would give change only in euro, whether customers paid for goods in euro or legacy currency. Supermarkets cash advance in hawaii and other large retail groups were generally well stocked , and able to provide euro in change from the outset. The Commission reported on 3 January that queues in shops were not out of the ordinary, despite the start of winter cash advance in hawaii sales in a number of euro-area countries. But there was a shortage of change in some smaller shops, particularly those that had not arranged adequate sub-frontloading , though it is not clear how widespread a problem this cash advance in hawaii was.
Small shopkeepers reacted initially in different ways. Some found that they quickly became short of change cash advance in hawaii when presented with high-denomination notes, and provided legacy currency in change so as to conserve their supplies . Others chose to provide legacy currency in change because they found it difficult to calculate euro change against legacy payments accurately in a hurry, and they wished to avoid making mistakes or lengthening queues. Others operated a service for exchanging legacy cash into euro separately from the normal till, so that all payments for goods were offered only in euro.
And others prepared in advance envelopes of euro cash corresponding to standard amounts of legacy currency (eg at bars in Dublin). Overall , the initial shortage of euro change at small retailers may have marginally prolonged the changeover, but some shopkeepers found that a two-till policy made their own changeover easier to manage. Retailers were quickly able to replenish their stocks of cash from the banks, and most had sufficient supplies of euro change in time for the first weekend of shopping and the winter sales.
Promotion of electronic payments Some euro-area countries had hoped to reduce the changeover task during the cash exchange period by encouraging the public to make payments by credit or debit card rather than cash. A few practical steps were taken to encourage the public to use electronic payments . For example, some retailers reduced the minimum amount they would accept for card payments or allocated checkouts to card payments only. In Luxembourg, the charge for making electronic payments was reduced.
