1. The Euro
... amounts of 1,2,5,10,50 for coins and 5,10,20,50,100,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have decided to participate in the use of the Euro, its use becomes compulsory after the local currencies have been withdrawn.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 ... completely (Santer, Jacques). After January 1994, the second stage began with the creation of the European Monetary Institute or EMI in Frankfurt, Germany. The EMI was the beginning of the proposed European Central Bank. The EMI ...
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