1. The Euro
... 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have decided to participate in the use of the Euro, its use becomes compulsory after the local currencies have been withdrawn.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 ... three-year transition period until 2002. Right now European companies are converting their accounts to Euros, and in 2002, Euro notes and coins will be circulated in the different countries. However, there is ...
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