The circulation of euro banknotes and coins in the Netherlands

In the countries of the European economic and monetary union euro banknotes and coins will be put into circulation from January 1, 2002. Seven new banknotes will be issued and eight new coins. Each member country is responsible for the production and distribution of its domestic euro circulation. Therefore, these countries, in casu central banks and ministries of finance, each draw up their own plan for this project.We unfold a methodology for indicative forecasts of the euro circulation needed in 2002 by proposing two methods. The first method uses econometric models describing the demand for banknotes and the demand for coins. The second method starts from estimated over-the-counter payments in 2002, and calculates the required notes and coins.