Press Release: Euro central rates and intervention rates in ERM II

Further to the decision taken on 15.1.00 on the new euro central rate for the Greek drachma in ERM II, the European Central Bank and the Bank of Greece, in accordance with Article 1 of the European Central Bank Agreement of 1.1.98 on an Exchange Rate Mechanism in Stage Three of Economic and Monetary Union, have established, by common accord, the new compulsory intervention rates for the Greek drachma in ERM II. The central and compulsory intervention rates of the Danish krone are unchanged compared with the ones set on 31.12.98.

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