SHOULD I USE THE EURO?
#3
Guest
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No actual Euro currency exists until late in 2001 or early 2001; it's a "virtual" currency, though you will see prices lsied in Euros everywhere. <BR> <BR>So you will use pounds and francs. And even after Euros are released, the UK will still be using pounds - - they have not opted to join in - - at least not yet. <BR> <BR>For further reading, see www.TWEnJ.com/euro.htm - - they explain this in better detail than this short message. <BR> <BR>Best wishes, <BR> <BR>Rex <BR>
#4
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It matters. The Euro isn't actually in circulation until next January, although you will see many prices posted in both local money and the Euro. And you won't even see that in Britain, which is not part of the European Monetary Union, i.e., isn't participating in the Euro.
#6
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Does anyone know how long the individual country currencies will be accepted after the Euro is actually introduced? Will there be an overlap period, or should we make sure we come home without any leftover funds in local currencies after our October 2001 trip? <BR> <BR>Thanks
#7
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Betsy, the maximum period that the "old" currency and the euro can both be used has been set at 6 months. So after 30 June 2002, you can only pay with euros. Many countries have decided that the "dual currency period" will be shorter. For instance, here in the Netherlands the guilder will completely disappear after 31 January 2002. <BR>However, banks will change the "old currencies" into euros for many years to come. Still it is best to use (or change) all your banknotes and coins from the euro countries after your trip in October.



