Survey January 2011

Updated: 15.02.2011

Survey: Smooth changeover to common currency raised support to euro

The results of the Euro surveillance survey carried out in January shows that smooth transition to euro has increased support to the adoption of the joint currency among Estonian people.

According to the survey, 65% of the respondent Estonian citizens and 60% of all the respondents supported the adoption of euro. Less than half of the respondents – 39% and 44% accordingly – support euro among non-Estonians and people with low income.

In December the  the support to euro was  among citizens 54% and among all respondents 52%.

According to the survey, transition to euro was considered smooth by 90% of the people. Three thirds of the respondents experienced no difficulties at all in relation to the transition.

3% experienced major and 21% minor difficulties. Those who experienced difficulties mentioned difficulties in converting prices between two currencies, difficulties in percieving the value of the new currency, unconveniences with big amount of coins

The respondents were also asked to evaluate information given on adoption of euro. The most useful measure was overwhelmingly considered to be displaying prices in two currencies. 86% of the respondents said it was necessary. The next were articles in press (65%), euro calculator (54%) and information materials sent home (48%).

97% of the respondents considered themselves well or sufficiently informed at adoption of euro. The majority of the respondents (60%) consider their knowledge to be good. Only 4% said that they would like to get or they need additional information. The rate of self percieved awareness is high in all groups of society, revealing that awareness raising campaign has reached all population groups.

Research company Faktum&Ariko carried out the questioning in 19.–26. January. 500 people at an age of 15–74 were questioned via telephone. The survey was carried out by a request of the State Chancellery and the Ministry of Finance. The series of surveys conducted since July observed the knowledge on euro and the general support of Estonian people to adoption of the joint currency.