EuroBillTracker

Posted: **Tue Apr 29, 2003 8:30 pm**

Olivier wrote:
Fons wrote:I hope they'll never make 1 euro notes!

We need euro-coins, not only cent coins,

I like entering notes, but I don't like 1 euronotes.
Well, the ECB has said today that they will study the case of a 1 euro note in 2005.

Oh my..

Posted: **Tue Apr 29, 2003 11:19 pm**

Olivier wrote:Well, the ECB has said today that they will study the case of a 1 euro note in 2005.

Where did they say it? Today they made only one press release - about the 2002 annual report.

Posted: **Wed Apr 30, 2003 4:44 am**

thomas wrote:
Olivier wrote:Well, the ECB has said today that they will study the case of a 1 euro note in 2005.
Where did they say it? Today they made only one press release - about the 2002 annual report.

I have read the new on Yahoo...
Sorry, it is only in french:

*****

La BCE réexaminera la création d'un billet de 1 euro en 2005

PARIS (AFP) - La création d'un billet d'un euro sera réexaminée par la Banque centrale européenne (BCE) "au printemps 2005", a annoncé le ministre délégué au Commerce extérieur François Loos, mardi à l'Assemblée nationale.

Répondant à une question orale de Louis Giscard d'Estaing (UMP, Puy-de-Dôme), qui plaide pour la création de cette nouvelle coupure, M. Loos a déclaré que, selon des enquêtes d'opinion réalisées "récemment" dans la zone euro, "la très grande majorité" des habitants "estime que la gamme de billets et la gamme de pièces sont parfaitement adaptées aux besoins".

M. Loos a souligné que la création de billets d'un euro entraînerait d'importantes dépenses, notamment en raison de son taux de remplacement qui serait "très élevé".

Le ministre a toutefois reconnu que "l'existence d'un billet de 1 euro pourrait être de nature à renforcer la place internationale de l'euro en qualité de monnaie de transaction à l'étranger, à l'image de la coupure de 1 dollar".

"Au vu de ces différents éléments, le conseil des gouverneurs de la Banque centrale européenne a convenu de réexaminer cette question au printemps 2005", a conclu M. Loos.

Jusqu'à présent, la BCE s'est montrée plutôt opposée à la création de billets d'un euro.

Louis Giscard d'Estaing avait souligné que l'absence de billets de 1 euro était "pénalisante sur le plan international", les paiements en euros "pour des montants inférieurs à la coupure minimum de 5 euros" étant impossibles en dehors de la zone euro.

Il a en outre fait valoir que la création de billets de 1 euro "génèrerait une activité nouvelle" pour les imprimeries de la Banque de France, dont celle de Chamalières, commune de sa circonscription. [/b]

Posted: **Thu May 01, 2003 12:33 pm**

Olivier wrote:PARIS (AFP) - La création d'un billet d'un euro sera réexaminée par la Banque centrale européenne (BCE) "au printemps 2005"

That is: the decision is postponed, it will be re-examined in two years. This is less than the news of last year that the ECB would examine the question.

Olivier wrote:Répondant à une question orale de Louis Giscard d'Estaing (UMP, Puy-de-Dôme) ...

Is this the son of the father?

Olivier wrote:Il a en outre fait valoir que la création de billets de 1 euro "génèrerait une activité nouvelle" pour les imprimeries de la Banque de France, dont celle de Chamalières, commune de sa circonscription.

What does this mean in English? Is Chamalieres in the son's constituency for which he wants to do a favour by generating new jobs to print new euros? But my French is not good enough ...

Posted: **Thu May 01, 2003 2:03 pm**

I hate the idea of 1€ notes, its inefficent to produce, too costly, needs to be frequently replaced, and is a hassle for bankers. I like the 1€ coins they're compact and saves room. So two thumbs down for a 1€ note.

Posted: **Thu May 01, 2003 2:12 pm**

I don't know...

Offcourse i like it when the make a 1 euro bill, because than we can put even more and more bills in the EBT-system

, but on the other hand i think it would be a big problem for shop, cafes etc. Coins are easier to handle then notes are..

(BTW what does it cost to produce one note? If it is very expensive to produce notes i would definatily be against making 1-euro notes)

Posted: **Thu May 01, 2003 4:42 pm**

Maybe we have too much coins nowadays, but why don't they make 2€ notes and keep 1€ coins?

Posted: **Thu May 01, 2003 5:50 pm**

thomas wrote:
Olivier wrote:Répondant à une question orale de Louis Giscard d'Estaing (UMP, Puy-de-Dôme) ...
Is this the son of the father?.

Yes!

Posted: **Thu May 01, 2003 5:52 pm**

thomas wrote:
Olivier wrote:Il a en outre fait valoir que la création de billets de 1 euro "génèrerait une activité nouvelle" pour les imprimeries de la Banque de France, dont celle de Chamalières, commune de sa circonscription.
What does this mean in English? Is Chamalieres in the son's constituency for which he wants to do a favour by generating new jobs to print new euros? But my French is not good enough ...

Exactly! The factory of Chamalières is in the place he has been elected.

Anyway I agree with the fact it would help the euro to get an international rank.

Posted: **Thu May 01, 2003 5:56 pm**

Antti wrote:Maybe we have too much coins nowadays, but why don't they make 2€ notes and keep 1€ coins?

Because you can pay 3 €, 5 €, 7 € ... with a 1€ note.

Not with 2€ ...

I am sure this bill would be kept by the people of East Europe, Africa... who won't like to get coins that can't be changed back in a bank.

I prefer to use bills of 1 € than dollars to give a pourboire...

Posted: **Fri May 02, 2003 12:12 pm**

How about if ECB released a 2-euro and/or 1-euro notes and each country could decide if they want to use them? Also Irish could get their 5-euro coin but it doesn't have to be used in other countries.

For example: If Italians used 1-euro note but we Finns didn't, the shops in Finland could decide whether they want to take those notes or not. Otherwise you could go to a bank to swap it to a coin.

What do you think, would it be a problem?

Posted: **Fri May 02, 2003 2:52 pm**

Aaron wrote:How about if ECB released a 2-euro and/or 1-euro notes and each country could decide if they want to use them? Also Irish could get their 5-euro coin but it doesn't have to be used in other countries.

One problem would be the following: If an Italian 5-euro-coin is used in a country where they don't even know that there might be a legal 5E-coin, people would hesitate to accept it. But it if is legal tender in Italy, it must be accepted as well in any other Euro-Country. The decision to accept those coins cannot be left to individual shops.

Posted: **Fri May 02, 2003 7:31 pm**

Aaron wrote:How about if ECB released a 2-euro and/or 1-euro notes and each country could decide if they want to use them? Also Irish could get their 5-euro coin but it doesn't have to be used in other countries.

For example: If Italians used 1-euro note but we Finns didn't, the shops in Finland could decide whether they want to take those notes or not. Otherwise you could go to a bank to swap it to a coin.

What do you think, would it be a problem?

Italy, Finland, Ireland or France have lost their sovereignty on currency... The decisions are now taken in Frankfurt.

A new bill, a new coin... the governors of the ECB decide, now. The states have nothing to tell anymore. We are now living in the same area.

Posted: **Sat May 03, 2003 11:25 am**

Olivier wrote:Italy, Finland, Ireland or France have lost their sovereignty on currency... The decisions are now taken in Frankfurt. A new bill, a new coin... the governors of the ECB decide, now. The states have nothing to tell anymore. We are now living in the same area.

This is only true for banknotes. Production of coins is still in the authority of EU member states - coordinated by the mint directors and the EU Commission. Only the amount of coins is to be decided by the ECB. See details here http://www.eurotracker.net/news/shownews.php?nid=68 for notes and Article 106 (2) of the Treaty establishing the European Community for coins:

Code: Select all

2. Member States may issue coins subject to approval by the ECB of the volume of the issue. The Council may, acting in accordance with the procedure referred to in Article 252 and after consulting the ECB, adopt measures to harmonise the denominations and technical specifications of all coins intended for circulation to the extent necessary to permit their smooth circulation within the Community.

Posted: **Sat May 03, 2003 4:30 pm**

Olivier wrote:
Antti wrote:Maybe we have too much coins nowadays, but why don't they make 2€ notes and keep 1€ coins?
Because you can pay 3 €, 5 €, 7 € ... with a 1€ note.
Not with 2€ ...

Well, for 3€ you need a 1€ coin in addition, for 5€ there is a 5€ note, and 7€=5€+2€

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1 Euro notes!