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21ST AUG 2008
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The Euro came in effect from the first on January 2002 in case you did not know and the countries of the euro are:
Austria, Belgium, Finland, France, Germany, Greece, Italy, Ireland, Luxembourg, The Netherlands, Portugal and Spain. The UK, Denmark and Sweden are not part of the euro area.
Here is a little lesson on the Euro for you now:
* There are seven banknotes: 5, 10, 20, 50, 100, 200 and 500 euro.
* There are eight coins: 1, 2, 5, 10, 20 and 50 cent; and 1 and 2 euro.
* The euro notes are identical for all countries and usable throughout the euro area. Each euro-country produces their own coins - with one common side and one national side. Any country's coins can be used anywhere else in the euro area (i.e. you can use a Spanish 2 euro coin to buy goods in France).
* Euro currency is available now from UK banks (exchange rates will vary) and is legal tender in the euro area.
The changeover has meant that in the euro area:
* Bills and change in shops and restaurants are in euro. Funny that!
* Cash machines are dispensing euro notes. Really!
* Credit and debit cards in the euro area work as normal. Your account will be debited by the sterling equivalent of the euro on your transaction slip.
So you should be hot on the Euro and money matters now so go and order then if you have not already.
Provided by The Student Zone (United Kingdom) |
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