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Italy Wants To Introduce 1 €uro Notes  
User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Posted (11 years 11 months 1 week 6 days 10 hours ago) and read 1397 times:

The Italian Economy minister Mr. Giulio Tremonti announced this afternoon that Italian govern will ask to European Central Bank a request to introduce 1 €uro notes in spite of the today used coins.
The main reason comes from the fact that when there was the old Italian Lira people used mainly notes (the smallest notes was ITL 1.000, about €0,50) so today there is a big problem for people to give a right value when they go to shop. In this situation the inflation will grow as fast as then predicted.
He also said there is not reason we don't have 1 €uro notes when US Dollar (the main competitor for Euro) has 1 Dollar notes.

I talked before with some friends and relatives about it and everyone seem very enthusiastic if they introduce 1 €uro notes.

9 replies: All unread, jump to last
 
User currently offlineAirsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 34
Reply 1, posted (11 years 11 months 1 week 5 days 19 hours ago) and read 1347 times:

I´d love them to be introduced too. Whenever I was in Italy, I enjoyed not having to handle all these crappy coins because the smallest note there was 50 Cent.

But I don´t see this happening, for one single reason:

The Euro is a D-Mark in disguise. Hence the Euro notes´ and coins´ denominations (and even physical measurements) are modelled after the D-Mark. Plus in Germany, we´ve made bad experiences with the biggest coin and the smallest note having the same value: that was 5 DM (2.50 EUR), and the note was basically ignored and not used in everyday transactions. You know, originally it had been planned to have a 2 EUR note too, but due to the experiences the Germans had made, this was done away with.

Daniel Smile

P.S.: The Italian leather industry just loves the Euro as it is: people have to buy newer purses to hold a) physically bigger notes and b) larger numbers of coins.


User currently offlineAirblue From San Marino, joined May 2001, 1825 posts, RR: 11
Reply 2, posted (11 years 11 months 1 week 5 days 16 hours ago) and read 1329 times:

I think a good solution is to keep 1 and 2 Euro coins and print only 1 Euro notes.
The 1 Euro notes will be used mainly in south Europe countries and abroad.



User currently offlineSAS23 From , joined Dec 1969, posts, RR:
Reply 3, posted (11 years 11 months 1 week 5 days 12 hours ago) and read 1314 times:

I hear that the 1 and 2 cent coins are likely to be withdrawn - and that €uro notes do not wear at all well. Personally, I am very surprised that they don't use plastic notes as have already been used in Australia, Singapore and Northern Ireland.

User currently offlineAirsicknessbag From Germany, joined Aug 2000, 4723 posts, RR: 34
Reply 4, posted (11 years 11 months 1 week 5 days 9 hours ago) and read 1292 times:

>>>I hear that the 1 and 2 cent coins are likely to be withdrawn

No way. The German retailers absolutely need their X.99 prices. What to do if the smallest unit is 0.05? You either put the price up one cent, which will be perceived as a hefty increase (by 1 EUR, namely) or you lower it to X.95 - impossible with profit margins of 1.5%.

Other than most currencies which have evolved over the years, the EUR was designed from the scratch. Hence its designs, denominations and measures are very well thought through and logical. There will be no changes in the foreseeable future.

>>>I hear that [...] €uro notes do not wear at all well.

I hear that too. My personal experience is different, I rarely get anything but crispy new notes, but of course I´m not in any ECB committee monitoring the bigger picture. DM notes were in circulation between 1 year (10 DM) and 6 years (1000 DM) on average before they had to be replaced. And, like the EUR, they were made of cotton too, and not plastic.

Daniel Smile


User currently offlineMls515 From United States of America, joined Jun 2000, 3076 posts, RR: 9
Reply 5, posted (11 years 11 months 1 week 5 days 8 hours ago) and read 1273 times:

It would make tipping strippers a lot easier and cheaper, that's for sure.




User currently offlineLOT767-300ER From , joined Dec 1969, posts, RR:
Reply 6, posted (11 years 11 months 1 week 5 days 7 hours ago) and read 1270 times:

Euros already clawing each other about the Euro? hehehe  Smile

User currently offlinePaulc From United Kingdom, joined Mar 2001, 1490 posts, RR: 0
Reply 7, posted (11 years 11 months 1 week 3 days 21 hours ago) and read 1225 times:

who cares - have not even seen a euro note - long may that continue  Big grin


English First, British Second, european Never!
User currently offlineSwissgabe From Switzerland, joined Jan 2000, 5266 posts, RR: 33
Reply 8, posted (11 years 11 months 1 week 3 days 21 hours ago) and read 1230 times:

I would love to see notes. The coins are ok but if you have to send out money, lets say 3 EUR, well, so you have always to send coins.
But the Euro is still cool  Smile/happy/getting dizzy



Smooth as silk - Royal Orchid Service /// Suid-Afrikaanse Lugdiens - Springbok
User currently offlineJwenting From Netherlands, joined Apr 2001, 10213 posts, RR: 18
Reply 9, posted (11 years 11 months 1 week 3 days 20 hours ago) and read 1228 times:

No way. The German retailers absolutely need their X.99 prices. What to do if the smallest unit is 0.05? You either put the price up one cent, which will be perceived as a hefty increase (by 1 EUR, namely) or you lower it to X.95 - impossible with profit margins of 1.5%.

Dutch retailers would love to see those coins go.
We had a cent in the past, after it was withdrawn all prices were kept at X.97, X.98 and X.99 and the stores got a lot of money from rounding up the totals to the nearest 5 cents (which was the smallest coin we had left).
Estimates differ, but if you have a thousand transactions rounded up 2 cents each on a day that's 20 Euro a day for each supermarket. Might not sound like much, but it's tens of millions a year nationwide.



I wish I were flying
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