The EURO

Table of Contents

*What is the Euro

*How the Euro relates to Germany

*Germany’s Old Currency

*What other countries use the Euro

*What notes and coins the Euro uses

*Conversion Rates

*The Euros effect on the world

*Fun Facts

What is the Euro

*The Euro is one currency for Europe

*It is the currency for the European Union

*It is the legal tender in all the participating states

*It is comparable to the US dollar

How the Euro Relates to Germany

*Germany is part of the European Union and now uses the Euro

*Germany is considered the strongest country economical in the Union

*The Euro now replaces the Deutsche Mark in Germany

Germany’s Old Currency

*After World War II and the division on Germany, the western powers introduced the Deutsche Mark in to West Germany

*The USSR did a similar thing in East Germany

*When the two united they used the Western Deutsche Mark, because it was stronger

Germany’s Old Currency

*There are 8 different coins: 1 Pfennig, 2 Pfennig, 5 Pfennig, 10 Pfennig, 50 Pfennig, 1 Mark, 2 Mark and 5 Mark

*The German currency has 8 different bank notes: 5 Mark, 10 Mark, 20 Mark, 50 Mark, 100 Mark, 200 Mark, 500 Mark and 1,000 Mark

The Euro Countries

*Belgium

*Germany

*Greece

*Spain

*France

*Ireland

*Italy

Coins and Notes

*There are 8 euro coins denominated in 2 and 1 euros, then 50, 20, 10, 5, 2 and 1 cents

*Every euro coin will carry a common European face

*On the obverse, each Member State will decorate the coins with their own motifs

*There are 7 euro notes

*In different colors and sizes they are denominated in 500, 200, 100, 50, 20, 10 and 5 euros

*The notes will be uniform throughout the euro area; unlike coins, they will have no national side

Conversion Rates

*1 EUR

*= 40.3399 BEF

*= 1.95583 DEM

*= 340.750 GRD

*= 166.386 ESP

*= 6.55957 FRF

*= .787564 IEP

*= 1936.27 ITL

*= 40.3399 LUF

*= 2.20371 NLG

*= 13.7603 ATS

*= 200.482 PTE

*= 5.94573 FIM

The Euros Effect on the World

*If is tough to say what kind of effect the Euro will have on the world but

*It will have a effect on uniting all of Europe and keeping peace

*It will make Europe a greater power then it already is

*Europe will become a greater leader then it already is

Fun Facts

*Before the Euro even came out several counterfeiting operations began

*The point of the Euro is to try to match the value of the dollar

*The German economy took a small hit to fulfill this goal

admin on March 9th, 2010 | File Under Area & Country Studies | No Comments -