EUROS AND EU TRADING
- FOR INTEREST ONLY
Sent: Saturday, November 03, 2001 11:41 AM
Subject: EUROS AND EU TRADING
JAN 1, 2002
marks the demise of all the currencies of the EU States except for
Denmark, Sweden and the UK.
Now is the time to start organising for these changes if you Buy or
Sell your Services to EU States.
As a guide to those affected, the following details are being provided by
WAPI. (World Association of Professional Investigators) www.wapi.com
From January 1st 2002 Euro will used throughout the Euro Zone.
New Notes and Coins will replace existing Currency, a short overlap period
will allow for exchanging.
The Euro Zone consists of: Austria - Belgium - Finland - France -
Germany - Greece - Ireland - Italy - Luxembourg - Netherlands - Portugal -
DENMARK, SWEDEN AND THE UK ARE NOT PART OF THE ZONE!
Euro Notes are to be issued in denominations of Euro�5/10/20/50/100/200/500
and coins of 1,2,5,10,20,50 cents and 1 and 2 Euros
As from Jan 1, 2002 all transactions will be in Euro and cheques and bills
will be in Euro.
Most Business will have published a new Price Tariff for Goods and
Services in Euro by the end of the year.
FEBRUARY 28, 2002 is the last date by which you can exchange your old
Currencies!! (See Schedule below)
If you trade regularly with the Euro Zone, it may be worth opening a Euro
account at your Bank.
As a guide to value the Euro is approx. 60p Sterling. 84 cents US
The exchange rates for Euro Zone Currencies are fixed as follows:-
State 1 Euro = Last Date to exchange by
Austria 13.76 28/02/02
Belgium 40.34 28/02/02
Finland 5.95 28/02/02
France 6.56 17/02/02
Germany 1.96 28/02/02
Greece 340.75 28/02/02
Ireland 0.788 09/02/02
Italy 1936.27 28/02/02
Luxbg 40.34 28/02/02
Neth. 2.20 28/01/02
Portugal 200.48 28/02/02
Spain 166.39 28/02/02
The above rates are round to two decimal places)
Ian (D. Withers)
Priority Investigations Agencies
1st International Investigations
Head Office: PO Box 266,
Belfast BT5 4AQ N. Ireland
London Office: 14 Tiller Road,
Docklands London E14 8PX
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