1st of January - Eurozone joined Latvia!

Meeting of Euro project Steering Committee

Ministry of Finance, 05.10.2012

On 3 October 2012 the regular meeting of the Euro Project Steering Committee was held and the following issues were discussed:

1. There was taken the note of the three scenarios of the accounting system adjustment to the euro by the euro project manager. The Steering Committee discussed the strong and weak aspects of the scenarios.

2. There was approved the report of the Ministry of Environmental protection and local government that information systems adjustment works have to be started already this year in accordance with the Latvia’s National euro changeover plan.

3. The Ministry of Justice informed about the national procedure for the convergence assessment request.

4.  There was taken the note about the received opinion from the European Central bank about the Draft of the Euro introduction act and other legal convergence draft laws and there has been stated the target date for the submission of the draft laws to the Cabinet of Ministers (until 30 October 2012).

5.  There was approved the proposition to join the approval process of the Draft of the Euro introduction act with the update and define more accurately complain procedures with the scope of Section VII of the Draft law. The Steering Committee instructed the Euro project manager in cooperation with the Ministry of Economics to submit the assessment and proposition about the possible update of the campaign „Fair euro introduction” with the name and shame elements till the next Steering Committee meeting.

6. There was taken the note of the informative report of the Security working group.

7. There was approved the updated detailed plans of the Euro project working groups in accordance with the Latvia’s National euro changeover plan.

8. There was taken the note about the task for upcoming period – to prepare interim report for the period from 1 August – 31 October.  

9. The Head of the Public Awareness and Communication Working Group informed about the public procurement of the survey of the inhabitants awareness about the euro introduction.

10. The next Euro Project Steering Committee meeting is planned for 31 October 2012.