The Euro Arrives
On January 1st, 2001 the biggest monetary shakeup in Europes history occured. From that
date the traditional currencies of Austria, Belgium, Finland, France, Germany, Ireland, Italy,
Luxembourg, the Netherlands, Portugal, Spain and Greece were replaced by a new currency the Euro.
Minor teething problems over the first week of the new year have been largely overcome and now
cash machines (ATM) are happily churning out wads of the new currency. For a short "changeover"
period most of these countries are operating dual currency circulation but by the end of February
the changeover should be largely complete and shops will no longer accept the old currency as legal
The deadlines for exchanging national banknotes for the euro vary from country to country, however
banks will continue to honour the legacy currency for some time. Again this varies from country
Further details on the makeup of the Euro notes and coins and current conversions rates can be
found at the UK treasury site at http://www.euro.gov.uk/eurocash.asp.
We're happy to say that our currency partner onlinefx is able to supply Euro banknotes and travellers
cheques at OnlineFX