The Euro Conversion Europe plans to introduce the euro gradually, over a period of several years. Below are the next steps in the conversion process.
Production begins of euro banknotes and coins.
All debts and investments are denominated in both euros and national currencies. The European Central Bank begins using euros for its monetary operations and public debt. National authorities in EU countries begin selling bonds and other deficit-financing notes in euros only. Some companies are expected to begin using euros in transactions. Euro banknotes and coins start circulation.