On January 1, 1999, the Euro became the official currency of eleven countries including Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Portugal, and Spain (Peterson 4-5). ... Denominations for the new Euro currency will be issued in amounts of 1,2,5,10,50 for coins and 5,10,20,50,100,and 500 for bank notes (Peterson). ... A good example of this statistical changing is the case of France. ... Right now European companies are converting their accounts to Euros, and in 2002, Euro notes and coins will be circulated in the different countries. ... These nations inten...

• Word Count: 2804
• Approx Pages: 11
• Has Bibliography

In order to provide facilities for the encashment of foreign currency to visitors from abroad, the RBI has also granted license to certain established firms, hotels and other organizations, permitting them to deal in foreign currency note, coins and traveller's cheques. ... It is further divided into two categories viz., "Full fledged money changers", who are authorized to undertake both purchase and sale transactions with the public; and "Restricted Money Changers", who are authorized only to purchase foreign currency notes, coins and traveller's cheques but on a condition that thes...

• Word Count: 10026
• Approx Pages: 40
• Grade Level: High School

Executive Summary This paper is about the European Economic and Monetary Union. Basically, this paper explains what the European Economic and Monetary Union is about. This paper answered the questions about the qualifications set by the European Commission to states who want to join the economic and...

• Word Count: 3783
• Approx Pages: 15
• Has Bibliography
• Grade Level: Undergraduate