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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: JHP who wrote (103630)5/21/2001 2:53:08 PM
From: Spekulatius  Read Replies (1) of 436258
 
In eastern, the Deutsche Mark and to a lesser extend the US$ is the main trading currency.
In Europe, there is no special affinity to the US$; but in many touristy area's you can pay with US$ (as with many other currency's) albeit with a bad exchange rate.
I have travelled in many countries in Europe and elsewhere and didn't have any problems with Deutsche Marks. However, the issue with the Euro is that Euro notes and coins do not exist. There is a lot of 'Black money' circulating and because of the eminent exchange in euro's it may get swapped into US$ in the meantime.
I think the Euro will look very strong in the LT, since the European CB is going to be very independent and will keep inflation rates at bay, which is the main factor for a stable currency.
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