What will the next country to get euro?

Olivier · Post by **Olivier** » Sun Jun 09, 2002 5:32 pm

Craft wrote: The coins and banknotes are very beautiful. You can find their pictures here:

http://www.ee/epbe/index.html.en

Nice!

These men on the banknotes never smile?

O.

Tiger · Post by **Tiger** » Sun Jun 09, 2002 7:34 pm

Whehe I like this postings

I'll try to find a Belgian note with a smile

Tiger · Post by **Tiger** » Sun Jun 09, 2002 7:39 pm

hmmmz
didn't find much

Only the notes of 10.000Bfr maybe...

and the old one...

And well... the (very) old note of 20Bfr

This one dates from 1964

Guest · Post by **Guest** » Sun Jun 09, 2002 8:12 pm

Craft wrote: On the other hand, Sibelius looked very furious on 100 FIM:

Great haircut!

Olivier · Post by **Olivier** » Mon Jun 10, 2002 12:14 am

Craft wrote:Speaking about funny faces: Hey, is this a smile or what? Looks like he is farting or something

(Sorry you guys from France.. )

Voltaire was not a sad man...

O.

esperantisto · Post by **esperantisto** » Mon Jun 10, 2002 5:02 am

Unless this has changed in the past 4 months, the Kroon is not an exact multiple of the Euro, but travels in a very narrow band (smaller than that required by ERM).
The Slovenian currency is the Tolar. It is not tied to the Euro, though remains pretty steady with respect to it.

It is interesting that when you rank the economies of the European countries (in the wider sense), Slovenia shows up ahead of Portugal and Greece!! They should have no problems with getting the Euro after 2 years of ERM.

Which reminds me: even though the swedes will probably vote for the Euro before the Danes, the Danes will get it first because the Swedes still have to spend 2 years on ERM before they can get the Euro.
Related comment: the Danish Kroner (sp?) varies in a much narrower band against the Euro than they are required for the ERM. The danes should have the easiest time of anyone changing over.

pinguino79 · Post by **pinguino79** » Mon Jun 10, 2002 9:05 am

Olivier wrote: These men on the banknotes never smile?

Have you ever seen a bridge or a window smiling?

Olivier · Post by **Olivier** » Mon Jun 10, 2002 11:46 am

esperantisto wrote: Which reminds me: even though the swedes will probably vote for the Euro before the Danes, the Danes will get it first because the Swedes still have to spend 2 years on ERM before they can get the Euro..

When did the Swedes come into the ERM? How many years should a country stay inside before getting the euro?

What would that mean, for the candidates? They have to wait untill when, to get the euro?

Olivier · Post by **Olivier** » Mon Jun 10, 2002 11:47 am

pinguino79 wrote:
Olivier wrote: These men on the banknotes never smile?
Have you ever seen a bridge or a window smiling?

!!!

Tiger · Post by **Tiger** » Mon Jun 10, 2002 2:45 pm

Craft wrote:Before the euro, the kroon was an exact 1/8 of the German mark (Deutschmark). That is, 1 DEM = 8 EEK.

The fixed conversion rate between the euro and Deutschmark is 1 EUR = 1.95583DEM.

The kroon remains fixed to the same rate as before, so the rate is now 1 EEK = 8 x 1.95583 EUR = 15,6466 EUR.

I think you make a little mistake there

If 1 DEM = 8 EEK, and 1 EUR = 1.95583 DEM,
then 1 DEM = 0.511291881 EUR
And that meens that 0.511291881 EUR (1DEM) = 8 EEK
and not 15€

So 1 EEK = 0.063911485 EUR.
(At least, if your info is correct)

Olivier · Post by **Olivier** » Mon Jun 10, 2002 3:07 pm

Tiger wrote: So 1 EEK = 0.063911485 EUR.
(At least, if your info is correct)

This morning in the market of Paris-Bruxelles-Amsterdam (these three places are now unified)
1 € = 15,65 EEK

Olivier

Tiger · Post by **Tiger** » Mon Jun 10, 2002 3:31 pm

hmmz
then his rate between DEM and EEK is someway wrong...
anywayz, there is something not correct in his calculations

esperantisto · Post by **esperantisto** » Wed Jun 12, 2002 3:06 am

@Olivier: Sweden is not yet on ERM. You have to remain in ERM for at least 2 years. Excepting Slovenia and Estonia, the other applicants would have to wait years even before they could join ERM. BUT they are all legaly enjoined to do so (unlike UK & Denmark) and it is said they could not even do like Sweden.

@Craft: I stand corrected! The odd thing is that I read a report from the ECB just after Jan 1 where they assessed the countries which had exact, tight, and loose correlations to the Euro. They said that the Kroon was in a very narrow band with the Euro. After checking the Eesti Pank website, I see that you are correct. I have also heard that the ECB ruled that the Kroon would have to float as a part of ERM before it could become part of the Euro -- but this also may be incorrect.

This also means that there are exactly 4 Kroon to the Bulgarian Lev and 8 to the BiH Konvertabla Marka. Maybe Olivier can insert the exact equivalent to CFA Franc?

Saaropean · Post by **Saaropean** » Wed Jun 12, 2002 11:45 am

esperantisto wrote:This also means that there are exactly 4 Kroon to the Bulgarian Lev and 8 to the BiH Konvertabla Marka. Maybe Olivier can insert the exact equivalent to CFA Franc?

According to what I found out, 1 Euro is exactly 1.95583 Bosnian convertible mark (1 DM = 1 KM), 1.95583 Bulgarian leva (1 DM = 1 Lev), 15.64664 Estonian krooni (1 DM = 8 Kr), 655.957 CFA francs in Africa (1 FF = 100 CFA) or 119.2529826 CFP francs in the Oceanian territories of France.

Please correct me if I'm wrong.

Olivier · Post by **Olivier** » Wed Jun 12, 2002 1:26 pm

esperantisto wrote:@Olivier: Sweden is not yet on ERM. You have to remain in ERM for at least 2 years. Excepting Slovenia and Estonia, the other applicants would have to wait years even before they could join ERM. BUT they are all legaly enjoined to do so (unlike UK & Denmark) and it is said they could not even do like Sweden.

When will they join, according to you? 2006, 2008?

esperantisto wrote: Maybe Olivier can insert the exact equivalent to CFA Franc?

1 € = 655,957 FCFA (= 6,55957 FRF)

O.

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