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Re: OT: the euro & 01.01.02 (was NATLANG/FONT:)

From:Andreas Johansson <and_yo@...>
Date:Wednesday, December 19, 2001, 17:21
Thomas Wier wrote:
>Quoting Andreas Johansson <and_yo@...>: > > > Thomas Wier wrote: > > >Quoting Padraic Brown <agricola@...>: > > > > > > > As for the DM, I think it's one of the Yugoslavian countries > > > > that, essentially, uses it as their currency (kind of like > > > > Ecuador and the US$). > > > > > >Actually, the official currency of Ecuador *is* the US dollar. > > >Last year, they changed over from a 1-to-1 rate peg to full > > >dollarization. (Argentina's been thinking about doing the same > > >thing for a couple years.) As for the former Yugoslavia, my > > >impression is that they just have useless official currency, > > >and so most of nonbartered trade occurs in German Marks (or > > >to a lesser extent, US dollars). > > > > Still assuming that you're talking about Kosovo (an Western > > protectorate that in diplomatic fiction still belongs to > > Yugoslavia), no, the official currency is the euro, but until > > the euro coins and notes turns up at the New Year they're > > using DM as legal tender. > >Actually, I was thinking more of Bosnia, also _de facto_ a >Western protectorate. And Croatia. (I have seen the official >Bosnian currency before, so I know they have one. I don't >know if it's pegged in a 1-to-1 ratio to some foreign currency >like DMs or US dollars, though.)
Ok. Even Bosnia is alot less dysfunctional than Kosovo, but not enough to people trust the local currency much. The DM is, of course, pretty big in most of Eastern Europe. Many people'll have big troubles at the New Year, when their savings turn into scrap paper (Mercedes sales have risen significantly lately, as "biznizmen" do away witht their black money!). Andreas _________________________________________________________________ MSN Photos is the easiest way to share and print your photos: http://photos.msn.com/support/worldwide.aspx