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16 May, 2001
Greece will begin circulating a limited number of euro coins from December 15 to allow consumers to adjust with the new single European currency ahead of its official circulation January 1, 2002 in the eurozone.
National Economy and Finance Minister Yiannos Papantoniou said that commercial banks and the Hellenic Post Office would distribute 3.0 million packages with the new euro currency to small- and medium-sized enterprises.
Speaking to reporters after a meeting of a national euro coordinating committee, Papantoniou said that all conversions from drachmas to euros would be made in a way not to impose any burden on consumers.
The Greek government also plans to promote "gentlemen's' agreements" between the state with employers in order to avoid any speculative moves during the conversion period.
Papantoniou said that Greek citizens were among the most well informed over the new currency among EU member-states.
"The government is doing a good job," he said.
Source: Athens News Agency