EURO INFO
Stages on the way to the euro
From May 1998: start of the Preparation period
The countries participating in the euro are selected.
Bilateral parities between participating currencies are set.
From 1/1/1999: start of the Transition period
The euro becomes an entirely separate currency. It
is possible to use the euro bank money. The national currencies become
simple, non-decimal expressions of the euro. The European Central
Bank is established. The financial markets change over to the euro.
From the year 2002: start of the Conversion period
1/1: Euro coins and notes are brought into circulation.
All banking, commercial and administrative operations are conducted
in euro.
7/1 (at the latest): National currencies disappear.
Bilateral parities to be used between the 11 participating
countries to the euro from 1st January 1999
(as being set at the European Summit in Brussels on
May 3, 1998)
Use the
EURO Convertor for calulations.
