1. The Euro
... creating an entirely new playing field for global commerce. When this trans-European currency in completely phased in by 2002, it will transform Europe into one of the largest economic blocs in the world. The exchange rates between the eleven participating countries' currencies have been established, but the Euro will not be used for cash transactions until January 1, 2002. On that date individual countries' currencies ... in a 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 ...
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