Governmental authorities are technically ready for changeover to euro.

Governmental authorities are technically ready for changeover to euro.
11. 11. 2010

The Chancellor of the Ministry, Tea Varrak, confirmed today at the euro-related briefing in the Ministry of Finance that technical preparations of the governmental authorities for changeover to euro can basically be considered as finished. Similarly, the preparations of the banks are going in accordance with the plan.

"As at the beginning of November, all the information systems are ready and have been tested for the changeover to euro,” said Varrak. "The preparations of the Bank of Estonia and commercial banks are also in successful progress and there are no problems. I suggest that everybody should follow the information provided by their home bank and then plan their money exchange and other banking transactions accordingly,” noted the Chancellor.

According to Varrak, euro-related information has been provided very actively and people have been informed about all the necessary aspects of changeover to euro during the past months. In October, an information campaign was organized in relation to this in all the bigger shopping centres of Estonia where euro-related information was provided to more than 12,000 people and about 27,000 pieces of printed brochures were distributed.

As from 5 November, direct mailing of euro brochures and calculators to 561,000 households of Estonia was commenced. "The household who has not received it for some reason by 17 November, should turn to the customer service of Eesti Post and the company will arrange additional mailing to them,” said Varrak. The warranty service of the euro calculators is provided by the representative shops of the electronic goods chain Euronics. The calculator can be replaced also by post.

Head of the Postal Service Division of Eesti Post, Jaan Vainult said that during the first two weeks of January 2011, kroons can be exchanged for euros in 179 post offices of Eesti Post, including the post offices of three small islands. Eesti Post, together with all its post offices, will also participate in selling the starter kits of euro coins as from December. The starter kits will be sold by all bank offices as well.

Deputy Director General of the Police and Border Guard Board Tarmo Miilits said that changeover to euro will not bring along the decrease in security but nevertheless, simple main principles should be kept in mind during the period of currency exchange. „One should not take a big amount of cash with him/ her and if somebody offers you to exchange money at a favourable rate, there is a likelihood that you will be deceived,” said Miilits.