Euro in Polynesia

Olivier · Post by **Olivier** » Fri Jul 23, 2004 2:45 pm

There is another territory which will soon get the euro: French Polynesia.
I have read in Le Monde last week that the french overseas territory will switch from its local currency, the Franc Pacifique, to the euro.
The Franc Pacifique is pedged to the euro. 1 € = 119F.

Boudie · Post by **Boudie** » Fri Jul 23, 2004 3:37 pm

That's very funny because the colonies of Holland (Dutch Antilles and Aruba) will keep their local money. In Aruba it's still possible to pay with the Florin and in the Dutch Antilles still you can pay with Antillian Guilder. Since these currencies were (and are) matched to the American Dollar and not to the Dutch Guilder.

Olivier · Post by **Olivier** » Fri Jul 23, 2004 3:58 pm

Boudie wrote:That's very funny because the colonies of Holland (Dutch Antilles and Aruba) will keep their local money. In Aruba it's still possible to pay with the Florin and in the Dutch Antilles still you can pay with Antillian Guilder. Since these currencies were (and are) matched to the American Dollar and not to the Dutch Guilder.

How can they pay with the old dutch Florin? Some bills have been kept specialy for the dutch overseas territories?

It would be easy that all the overseas territory get the euro...

For French Polynesia, which has a great autonomy status, the french minister of economy will ask the aproval of its 24 collegues in Bruxels. No doubt everybody will agree.

Venga · Post by **Venga** » Fri Jul 23, 2004 5:21 pm

Olivier wrote:How can they pay with the old dutch Florin? Some bills have been kept specialy for the dutch overseas territories?

It has the same name, but value and looks are totally different. So it's not the old Dutch florin but just florin (or guilder)

Boudie · Post by **Boudie** » Sun Aug 01, 2004 12:35 pm

Just to add some information about the discussion:

A small article about countries that accept the euro:
http://europe.tiscali.co.uk/index.jsp?s ... ent=146161

The second paragraph contains the most important elements for the discussion.

Aaron · Post by **Aaron** » Mon Aug 02, 2004 9:46 am

Boudie wrote:Just to add some information about the discussion:

A small article about countries that accept the euro:
http://europe.tiscali.co.uk/index.jsp?s ... ent=146161

The second paragraph contains the most important elements for the discussion.

It's amazing how famous euro has become in a short time.

I wonder how it is in India and other south Asian countries which used to prefer dollars for a long time. And how about Central American countries etc...

Olivier · Post by **Olivier** » Tue Aug 03, 2004 4:37 am

Aaron wrote:
I wonder how it is in India and other south Asian countries which used to prefer dollars for a long time. And how about Central American countries etc...

America stills ignores the euro and prefers the USdollar. In Canada, it's a shame that you can freely have a bank account in USD without paying any fees, but you can't simply change your euros in the same place.
85% of the canadian trade is made with the USA. Europe is too far from here.