Euro

Euro

Talvi Kaja and Reelika Allik

Eurozone

American Dollars to 1 Euro

Euro pros• economic stability • the movement of

goods and capital• travelling more

convenient • monetary policy

decision-making process

• coins pass on national symbol

Maastricht criteria

• Price stability

• Budget deficit

• Debt

• Interest rates

• Exchange rate stability

Exchanging kroons for euroExchanging kroons for euro

Retailers – can pay in kroons within two weeks after €-day

Banks – a month before and a year after the €-day

Exchanging kroons for euro

Automated teller machines (ATMs).

A separate campaign to collect coins.

Rules of recalculating prices

Some months before and after the €-day

Prices in both kroons and euro in as many ways as possible

CONCLUSIONCONCLUSION

Euro is currency of Eurozone

Many positive sides to transition to the euro.

Country must meet five criteria to adopt the euro.

CONCLUSIONCONCLUSION

We are going to adopt euro in 2011

There are 3 main ways to exchange kroons for euro: retailers, banks and ATMs

Some time before and after €-day we can see prices in both currency.

THANK YOU FOR YOUR ATTENTION!!!

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