NEWS | Wednesday, 05 December 2007

Strong response to sale of retail starter kits and Eur 5 notes

Last SaturdayBank of Valletta commenced the process of actually distributing, through its branches, the euro retail starter packs and the 5 euro notes intended for the business community.
John Cassar Torreggiani Executive Head, EU Programme, at Bank of Valletta announced that “Till close of business today, Monday, 3rd December 2007, Bank of Valletta has already sold or received orders for 7,000 retail starter kits. This shows that the process is proceeding as planned and that retailers are planning ahead to ensure that they have the necessary amounts of euro coins and notes in their tills to conduct business efficiently as from the 1st January 2008 using our new currency.”
John Cassar Torreggiani took the opportunity to remind the business community and the general public to deposit surplus Maltese lira coins and notes into the banking system before the end of December. “We would like to appeal to everyone to take an active part in making the euro changeover process as straightforward and efficient as possible by reducing cash holdings to a minimum, depositing any excess Maltese lira notes and coins at the Banks from now”. All bank accounts denominated in Maltese lira will be automatically converted to euro on the 1st January 2008 at no cost to the customer