uro Zone

1
uro Zone
Presented by Beate Esterlus, AIVb (2004/05)
2
The Countries

• For the moment there are 12 of 15 EU countries
  who have EURO
• They are
• Austria, Germany, Italy, Portugal, Ireland,
  France, Finland, Netherlands, Spain, Luxembourg,
  Belgium, Greece
• 4 small countries are also allowed to use the
  EURO
• Monaco, San Marino, Andorra, Vatican
• Great Britain, Denmark and Sweden may have EURO
  in the future

3
URO

• 1995 Madrid
• Greek letter Epsilon
• parallel running lines
• EUR is the formal shortcut
• Euro and Cent should always be used in singular
• Cent has no special shortcut
• 1 Euro equals 100 Cent

4
Creation features of the banknotes

• Austrian Designer
• Robert Kalina

numerous other designs
Website http//www.admirabledesign.com/rubrique.p
hp3?id_rubrique98
5
Creation features of the banknote

• Architectural styles
• Main motives are
• Classic style
• Romanic style
• Gothic style
• Renaissance and Rococo period
• Baroque style
• Iron/Glass Architecture
• Modern Architecture

6
Creation features of the banknote

• Windows and doors - openness and co-operation in
  Europe.
• The bridges - union of the European peoples and
  the whole world

7
Some more features of the banknotes

• The signature of the President of the ECB

official abbreviation of the ECB
flag of the European Union
Latin and Greek writing of the name
8
URO Banknotes
9
shape and size of the banknotes
Banknote Size Colour Style/Epoch
5 120x62 mm grey Classic style
10 127x67 mm red Romanic style
20 133x72 mm blue Gothic style
50 140x77 mm orange Renaissance and Rococo period
100 147x82 mm green Baroque style
200 153x82 mm yellow - brown Iron and Glass Architecture
500 160x82 mm violet Modern Architecture
10
fake banknotes
11
real moneydesgined by the Naples Banknote Company
12
Coins

• unified European front side
• nationally designed back side

13
Coins of the mini states
Vatican
Andorra
14
URO - introduction
01-01-1999 book currency
01-09-2001 distribution for businesses and banks
15-12-2001 first distribution for consumers by banks
01-01-2002 both currencies (in Austria Schilling and Euro) are in use
28-02-2002 end of the use of the Schilling
01-03-2002 Euro is the only currency in use (beginning of this phase differs from country to country). National Central Banks exchange old currency unlimited
31-03-2002 ending of the free change of foreign currencies
15
Cash care

• The introduction of the EURO was an enormous
  challenge for businesses, esp. for cash intensive
  businesses or for EDP-systems and accountancy
• A survey found out that the most relevant firms
  were
• tobacconists
• supermarkets
• restaurants
• bakeries
• public transport
• drugstores

16
The Maastricht Treaty

• signed on February 7, 1992
• enforced on November 1, 1993
• www.euro.gv.at
• exchange rate 1 EURO 13,7603 Austrian Schilling

17
Exchange Reference Rates
within the Euro zone
1 Euro 13,7603 ATS Austrian Schilling
1 Euro 40,3399 BEF Belgian Franc
1 Euro 1,95583 DM German Mark
1 Euro 5,94573 FIM Finn Mark
1 Euro 6,55957 FRF French Franc
1 Euro 340,750 GRD Greek Drachme
1 Euro 0,787564 IEP Irish Punt
1 Euro 1936,27 ITL Italian Lira
1 Euro 40,3399 LUF Luxembourg Franc
1 Euro 2,20371 NLG Dutch Florin
1 Euro 200,482 PTE Portuguese Escudo
1 Euro 166,386 ESP Spanish Peseta
18
Exchange Reference Rates
outside the Euro zone
1 Euro 7.4303 DKK Danish Krone
1 Euro 0.69155 GBP Pound Sterling
1 Euro 8.9396 SEK Swedish Krona
1 Euro 1.9559 BGN Bulgarian Lev
1 Euro 0.5794 CYP Cyprus Pound
1 Euro 30.984 CZK Czech Koruna
1 Euro 15.6466 EEK Estonian Kroon
1 Euro 244.83 HUF Hungarian Forint
1 Euro 3.4528 LTL Lithuanian Litas
1 Euro 0.6862 LVL Latvian Lats
1 Euro 0.4318 MTL Maltese Lira
1 Euro 4.1786 PLN Polish Zloty
1 Euro 38378 ROL Romanian Leu
1 Euro 239.83 SIT Slovenian Tolar
1 Euro 39.22 SKK Slovakian Koruna
1 Euro 1890400 TRL Turkish Lira
19
Thank you for your attention!

• Beate Esterlus