Euro Profits Bonanza

CENTRALBANKNET SPECIAL REPORT - Europe's national central banks stand to profit to the tune of billions of euros as a result of retiring Europe's existing paper currencies and introducing a single currency.

The amount and duration of the boost to profits will depend largely on two factors. First, the percentage of bank notes of the old currencies that are not returned for exchange to euro. This will largely determine the extent of the "windfall" profits. Second, the amount of high denomination

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