§ Lord Marlesfordasked Her Majesty's Government:
What arrangements they propose to ensure that from 1 January 2002 British Residents are able to exchange notes of those EU countries which have joined the single currency into euro notes at the correct rate of exchange; and whether they will ensure that British residents are not disadvantaged by British banks charging commission on such changing. [HL1767]
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§ Lord McIntosh of HarringeyThe terms on which banks and other financial institutions may be prepared to exchange notes is a commercial matter for them.
Information on the exchange of notes in those countries which have joined the single currency has been brought together in a factsheet which is available through the Treasury Euro Preparations website at: http://www.euro.gov.uk/keyfacts.asp.