Governor of the central bank introduced the principles of the changeover to the euro in Viljandi

Governor of the Bank of Estonia Andres Lipstok spoke about the premises, timelines and principles of the changeover to the euro in Viljandi on Friday, 7 May.
13. 05. 2010
 

Lipstok also introduced the new economic forecast of the central bank.

“The forecast of the central bank shows that the economic growth of Estonia will be moderate. The increase in the next few years will be slightly higher than the average of the European Union, but it will clearly remain below the growth achieved in Estonia in the previous decade. It is important for Estonia to balance its budget in the next few years and to restore its reserves,” said Lipstok.

The questions of the people who listened to the lecture concerned the exchange of cash during the changeover to the euro, the changeover rate and the general economic situation.

The objective of the series of lectures by the Bank of Estonia about the changeover to the euro is to explain to people when the decisions about the possible acceptance of Estonia to the eurozone are made, how the money will be exchanged in practise and what people need to be prepared for. The general principle of the changeover to the euro is to organise the exchange of money in a manner that is as convenient as possible for the people.

Anders Lipstok’s lecture in the small hall of the Ugala Theatre in Viljandi started at 10 am. Deputy Governor of the Bank of Estonia Rein Minka spoke about the same subject on Friday and his presentation in the Võru Town Government building started at 11 am. Head of the Monetary Policy Department of the Bank of Estonia Ülo Kaasik delivered his lecture within the scope of the lecture series in the Town Hall of Paide.

Presentations have already been made in Krootuse, Kallaste, Elva, Narva, Jõgeva, Kohtla-Järve, Rakvere, Kuressaare and Paide. The series of lectures will move to Kärdla, Rapla and Pärnu in May. Keila and Valga will be visited at the start of June.

The central bank will deliver lectures in 18 towns and rural municipalities.

Presentations will be made by Governor of the Bank of Estonia Andres Lipstok, Deputy Governors Rein Minka and Märten Ross and Head of the Monetary Policy Department Üle Kaasik and Chief Specialists of the same department Natalja Viilmann and Peeter Luikmel. Information about the timelines and principles to the changeover to the euro and related events can be found on the Euroweb website at http://euro.eesti.ee.

Information about presentations on the changeover can be found on the events page in Euroweb. The presentation materials of the lectures can also be found there.