EP calls for introduction of €1 and €2 notes

vermeer · Post by **vermeer** » Sat Oct 29, 2005 2:18 am

One gets 1 $ coins for example, when one pays 10 $ for a 7 $ dayticket for the subway in New York City. The 1 and 2 Eurobills will be ever smaller than the current 5 Eurobanknote. I think that the 1 Eurobanknote will be 1 cm smaller both horizontal and vertical compared with the 5 Eurobanknote. I hope that this pipeline of ideas will be very long.

micdab · Post by **micdab** » Sun Oct 30, 2005 11:38 pm

Dakkus wrote:
melitikus wrote:5 EUR is like nothing for the Germans but I wouldnt say the same for Latvians and others
Nice that you used the Latvian Lat as an example. That's because they don't have as small banknotes as 5€. [...] And if the Latvians can handle having so valuable coins (their highest denomination on coins is 2,85€), why couldn't the others?

The lowest bill denomination in Poland is 10 zloty, which is worth 2.50 €. But for example in Estonia, if I remember correctly, they have 2 crown bills, which are only worth 13 eurocents! I don't know the case for the other new EU countries.

mic

melitikus · Post by **melitikus** » Mon Oct 31, 2005 9:42 am

micdab wrote:
Dakkus wrote:
melitikus wrote:5 EUR is like nothing for the Germans but I wouldnt say the same for Latvians and others
Nice that you used the Latvian Lat as an example. That's because they don't have as small banknotes as 5€. [...] And if the Latvians can handle having so valuable coins (their highest denomination on coins is 2,85€), why couldn't the others?
The lowest bill denomination in Poland is 10 zloty, which is worth 2.50 €. But for example in Estonia, if I remember correctly, they have 2 crown bills, which are only worth 13 eurocents! I don't know the case for the other new EU countries.

mic

in Malta the Lowest is Lm2 = approx EUR 4.70

Dakkus · Post by **Dakkus** » Mon Oct 31, 2005 10:32 am

The lowest note denominations:

Estonia: 2 crowns (0,13€) - 1 crown (0,06€) - (I've never actually seen a 1kr note, they use coins instead)
Lithuania: 10 litas (2,89€)
Slovenia: 100 tolars (0,41€) - 10 tolars 0,04€

Latvia: 5 lat (7,11€)
Malta: 2 liras (4,66€)
Cyprus: 10£ (1,74€)

Poland: 10 złotys (2,51€)
Czech: 50 crowns (1,69€) - 100 crowns (3,38€) - 20 crowns (0,68€) - (I've never actually seen a 20 crown note, they used coins instead. However, I think 50 crowns was always a note.)
Slovakia: 20 crowns (0,51€)
Hungary: 200 forint (0,80€)

(in case that there are both notes and coins for the same denomination, I've mentioned the smallest one that can't be found as a coin.)

micdab · Post by **micdab** » Mon Oct 31, 2005 11:13 am

Thanks for the list, Dakkus. So it looks like the coin-note threshhold is pretty arbitrary and doesn't really depend on the wealth of the country. For example, Slovenia is much richer than Latvia but has bills that are worth a lot less.

mic

aplfi · Post by **aplfi** » Mon Oct 31, 2005 6:18 pm

Dakkus wrote: Estonia: 2 crowns (0,13€) - 1 crown (0,6€) - (I've never actually seen a 1kr note, they use coins instead)

I remember how funny it was about 10 years ago when we went first time to Estonia and they had those 1kr notes. At that time it was something like 0,45-0,5 FIM (0,08€) so current value 0,06 not 0,6€.

Some lowest denomination notes of future EU-countries.

Serbia 50 dinars (0,6€), also a 50 dinars coin exists.
Croatia 5 Kunas (0,7€), if I remember correctly also 5 Kunas coin exists
Macedonia 10 dinars (0,16€)

Dakkus · Post by **Dakkus** » Mon Oct 31, 2005 7:12 pm

Kosovo: 5 euros (5,00€)

androl · Post by **androl** » Mon Oct 31, 2005 8:01 pm

Dakkus wrote:The lowest note denominations:

Estonia: 2 crowns (0,13€) - 1 crown (0,06€) - (I've never actually seen a 1kr note, they use coins instead)

don't they use the 5kr coins in Estonia?
http://www.eestipank.info/pub/en/yldine ... ation.html

Dakkus · Post by **Dakkus** » Mon Oct 31, 2005 8:16 pm

androl wrote:
Dakkus wrote:The lowest note denominations:

Estonia: 2 crowns (0,13€) - 1 crown (0,06€) - (I've never actually seen a 1kr note, they use coins instead)
don't they use the 5kr coins in Estonia?
http://www.eestipank.info/pub/en/yldine ... ation.html

Never seen one or even heard of one before.
Maybe it's a bit like the 1$ coin no one ever uses.
Once a central bank has been stupid enough to use notes for small denominations, it's very hard reverting the mistake.

The coins have some extra in their names ("(Republic of Estonia - 75)" and "(Bank of Estonia - 75)", so they are probably some special coins issued to celebrate something.

androl · Post by **androl** » Tue Nov 01, 2005 10:14 am

Dakkus wrote:Once a central bank has been stupid enough to use notes for small denominations, it's very hard reverting the mistake.

on the other hand, there were the 5DM notes in Germany and still the 20 Czech Korun notes that nobody uses.

Post by **wisi** » Tue Nov 01, 2005 10:19 am

androl wrote: on the other hand, there were the 5DM notes in Germany and still the 20 Czech Korun notes that nobody uses.

Yes, the 5DM notes where very uncommon, except just after the currency union of the former eastern and western germany, because it is more complicated to mint and distribute coins than printing and distribute bills. So, in the second half of 1990 and 1991 5DM notes where very common in the then former east and uncommon in the former west.

scb · Post by **scb** » Sat Nov 26, 2005 10:37 am

Dakkus wrote:The lowest note denominations:

...
Cyprus: 10£ (1,74€)
...

I haven't been to Cyprus for almost three years, but then the lowest note was the 1 CY£. The notes were 1, 5, 10, 20.

androl · Post by **androl** » Sat Nov 26, 2005 11:43 am

scb wrote:
Dakkus wrote:The lowest note denominations:

...
Cyprus: 10£ (1,74€)
...
I haven't been to Cyprus for almost three years, but then the lowest note was the 1 CY£. The notes were 1, 5, 10, 20.

Dakkus made a typo, 1£ is 1,74€, and that is the smallest note. 10£ is 17,4€

yli · Post by **yli** » Sun Nov 27, 2005 8:47 am

aplfi wrote:Some lowest denomination notes of future EU-countries.

Serbia 50 dinars (0,6€), also a 50 dinars coin exists.
Croatia 5 Kunas (0,7€), if I remember correctly also 5 Kunas coin exists
Macedonia 10 dinars (0,16€)

Croatia hardly uses the 5 kuna notes, so 10 kuna should be the lowest.

The same goes for Slovenija, although there are 10 tolarjev notes, normaly people pay with 10-20 or 50 tolarjev coins.

The lowest note of Serbia is the 100 dinars of 2003. But also notes of Federal Republic of Yugoslavia are used from 10,20 and 50 dinars.

Other Countries:

Romania 1 (new) leu (around 27 eurocent)
Bulgaria 1 lev (around 51 eurocent)
Bosnia-Hercegovina 1 KM (around 51 eurocent)
also coins from 1 and 2 KM are used
Geogia 1 lari (around 48 eurocent)
Moldova 1 leu (around 7 eurocent)

tintin6971 · Post by **tintin6971** » Sun Nov 27, 2005 4:29 pm

In France they were 10 Francs notes (1.52€)