David talks about the Euro.
Find out once and for all what the deal is with the Euro dollar!
Seems most of us are confused about the Euro, and why wouldn't we be? Lots of Getaway viewers are travelling to Europe over the Christmas break and want to know what the situation will be.
Well, from January 1, 2002, everything is going to be different, though those in the know say it will be easier than before.
Although the financial changeover did come into effect in 1999, the actual coins and notes won't be released until the New Year.
The new currency will be divided into Euro dollars and Euro cents. There will be eight coins, ranging from one Euro cent to two Euro dollars. There will be seven notes, from the five-Euro dollar note through to the 500-Euro dollar. The top note will be worth around $AU800 well, for the time being anyway!
The countries that will swap their current currencies on January 1, 2002 are:
AUSTRIA, BELGIUM, FINLAND, FRANCE, GERMANY, GREECE, IRELAND, ITALY, LUXEMBOURG, NETHERLANDS, PORTUGAL, SPAIN.
The remaining European Union countries: the United Kingdom, Denmark, Sweden and Norway, will stick with their own currencies for the moment.
If you have any old notes stashed away in a tin or buried in the backyard, cash them in before the end of the year, or you may be left with useless currency.
If you are travelling through Europe around Christmas time, you will be able to use the current currency right through December, and both currencies until February, which will allow plenty of time to make the changeover.