1. The Euro
... ,50,100,and 500 for bank notes (Peterson). For the countries that have decided to participate in the use of the Euro, its use becomes compulsory after the local currencies have been withdrawn. Up until this point there have been no obligations to use the Euro nor is there a ban on using it. Many people believe that the Euro may challenge the supremacy of the United States dollar. These people feel ... a certainty in exchange rates. It will help Europe with transaction costs, because there will be only a single currency and there will be no cost in converting it to another currency. This ...
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