EUROPEAN CURRENCY "EURO"

by Ted Peterson
A large number of European countries have dropped their currencies in 2002 and replaced them with the currency called "EURO". 13 new countries have or are going to vote to see if they need to join the EU in 2003. They have talked about maybe chaning their currencies. These 12 EU countries started using euro in payments between banks and EU countries a few years ago but now the only currency that can be used in the these countries is the euro.
The countries are listed below.
AUSTRIA
BELGIUM
FINLAND
FRANCE
GERMANY
GREECE
IRELAND
ITALY
LUXEMBOURG
NETHERLANDS
PORTUGAL
SPAIN
This includes the following countries that do not have currencies that up until now were using currencies from the above countries that are now using euro.
ANDORRA (used French franc)
MONACO (used French franc )
SAN MARINO (used Italian lire)
VATICAN CITY (used Italian lire)
The 12 EU countries that have changed their currency have also changed the use of euro in their overseas territories like Martinique, Ceuta etc.
Some other countries were also using European countries money with their currency in an informal economy (like the Balkan countries) have changed and will now use the euro as well as their own currency.
There are about 24 countries that had their own currency that were backed by the European countries are now backed by the euro.
13 countries may soon join the EU and then can convert to the euro if they wish. More when time comes on. Denmark, and Sweden that are in the EU now are talking about changing next year. UK maybe going to hold a referendum soon about changing the pound sterling to euro.
The following currencies cannot be used. German mark, Franch franc, Italian lire, Holland guilder, Spain peseta, Portugal escudo, Luxemboug franc, Ireland punt, Greece drachma, Austria schilling, Belgium franc, and Finland markka. If you have some they have no value. Put them in your scrap book as the time to change them is past and you cannot change them to euro.
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