More low-value euro notes for German retailers

GERMANY - Germany may need to print more low-denomination euro banknotes sooner than expected in response to high demand from retailers, Ernst Welteke, the Bundesbank president, said yesterday, 3 September.

"We were a bit surprised that retailers needed so many low-denomination notes, so that those we had printed were not enough," he said. "But it's no problem at all to print the extra amount."

Mr Welteke was speaking two days after more than 2,000 armoured vehicles started to deliver euro

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