Monday, March 2, 2009

The Euro

The Euro - Monetary Info


On January 1, 2002, the Euro became the official currency for 300 million Europeans, in use in 12 countries of the European Union.

Paper notes are in denominations of 500, 200, 100, 50, 20, 10, & 5 Euros.
Coins are 2 Euros, 1 Euro, 50 cents, 20 cents, 10 cents, 5 cents, 2 cents, & 1 cent.
The Euro is made up of 100 cents.

U.S. dollars are not accepted in most establishments, though some hotels, shops, and restaurants may accept U.S. dollars at an agreed upon exchange rate.

Currency exchange can be made in most banks and post offices as well as in some large stores, train stations, airports and exchange offices near major tourist sites. Look for a sign indicating "Change". Remember that even though exchange rates are fixed, agent commissions vary: they must be clearly displayed. Exchange rates vary from bank to bank in the U.S. and France. Large cities in the U.S. generally have banks specialized in foreign exchange with lower exchange rates. The same applies in France. In general, it is best to find a larger bank or exchange office in the center of town or in a financial area. If only a small amount of money is being exchanged, the hotel's money exchange rate may be adequate.Traveler's checks in U.S. dollars should be exchanged in banks or exchange offices because very few businesses will accept them. Traveler's checks in Euros can be purchased in the U.S. from specialized banks or in any major bank in France. They offer a safe means of traveling with cash.

As of today the it would take $1.26 in U.S. Dollars to get 1 Euro.

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