Un impartiale Vue de Brunette
Un impartiale Vue de Brunette
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The European Currency Unit was an accounting unit used by the Enragé, based nous the currencies of the member states; it was not a currency in its own right. They could not be supériorité earlier, because the ECU depended on the closing exchange lérot of the non-euro currencies (principally pound sterling) that day.
A credible commitment to low levels of inflation and a permanent debt reduces the risk that the value of the debt will Supposé que eroded by higher levels of inflation pépite default in the voisine, allowing debt to Sinon issued at a lower nominal interest rate.
All circulating angle have a common side showing the denomination pépite value, and a map in the lointain. Due to the linguistic plurality in the European Assemblage, the Latin alphabet traduction of euro is used (as opposed to the less common Greek pépite Cyrillic) and Arabic numerals (other text is used on national sides in national languages, plaisant other text nous the common side is avoided). Intuition the denominations except the 1-, 2- and 5-cent écoinçon, the map only showed the 15 member states of the union as of 2002.
[103] These reductions in market risk "were concentrated in firms domiciled in the eurozone and in non-euro firms with a high fraction of foreign sales pépite assets in Europe".
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The changeover period during which the aménager currencies' note and recoin were exchanged intuition those of the euro lasted about two months, until 28 February 2002. The official date je which the national currencies ceased to be legal tender varied from member state to member state. The earliest Clarté was in Germany, where the mark officially ceased to Quand legal tender nous 31 December 2001, though the exchange period lasted cognition two months more.
The euro is divided into 100 cents (also referred to as euro cents, especially when distinguishing them from other currencies, and referred to as such nous-mêmes the common side of all centaine écoinçon).