Euro Talvi Kaja and Reelika Allik
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!!!
• http://glossary.reuters.com/index.php/Maastricht_Criteria
• http://euro.eesti.ee/EU/Prod/Euroveeb/application/controllers/handleSessions.jsp?lang=en&oid=4647
• http://www.fin.ee/eeldused-euroga-liitumiseks
• http://en.wikipedia.org/wiki/Euro
• http://affordablehousinginstitute.org/blogs/us/2009/12/tip-of-the-iceberg-part-1-hitting-submerged-deficits.html
• http://www.x-rates.com/d/USD/EUR/graph120.html
• http://www.ecb.int/euro/intro/html/map.et.html
• http://www.delhinybank.com/Locations/atmlocations.htm
• http://uudised.err.ee/index.php?06166788
• http://www.alfa.lt/straipsnis/c92871