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Introduction

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The introduction of the euro took placeprincipally between 31 December1998, whenthe exchange rates between the euro andlegacy currencies in the Euro zone became

fixed, and early 2002, when euro notes andcoins were introduced and the legacycurrencies withdrawn.

http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Eurohttp://en.wikipedia.org/wiki/Eurozonehttp://en.wikipedia.org/wiki/Eurozonehttp://en.wikipedia.org/wiki/Eurohttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31

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Yielded currencies of the

EurozoneCurrency Code Rate Fixed on EMU III

Austrian

schillingATS 13.7603 1998-12-31 1999

Belgianfranc BEF 40.3399 1998-12-31 1999Dutchgulden NLG 2.20371 1998-12-31 1999

Finnish markka FIM 5.94573 1998-12-31 1999

French franc FRF 6.55957 1998-12-31 1999

German mark DEM 1.95583 1998-12-31 1999

Irishpound IEP 0.787564 1998-12-31 1999

Slovakkoruna SKK 30.1260[5] 2008-07-08 2009

http://en.wikipedia.org/wiki/Economic_and_Monetary_Union_of_the_European_Unionhttp://en.wikipedia.org/wiki/Austrian_schillinghttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Belgian_franchttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Dutch_guldenhttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Finnish_markkahttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/French_franchttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Deutsche_Markhttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Irish_poundhttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Slovak_korunahttp://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/July_8http://en.wikipedia.org/wiki/July_8http://en.wikipedia.org/wiki/July_8http://en.wikipedia.org/wiki/July_8http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/Slovak_korunahttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Irish_poundhttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Deutsche_Markhttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/French_franchttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Finnish_markkahttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Dutch_guldenhttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Belgian_franchttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Austrian_schillinghttp://en.wikipedia.org/wiki/Economic_and_Monetary_Union_of_the_European_Union

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Italian lira ITL 1936.27 1998-12-31 1999franc LUF 40.3399 1998-12-31 1999

Portuguese

escudoPTE 200.482 1998-12-31 1999

Spanishpeseta ESP 166.386 1998-12-31 1999

Greekdrachma GRD 340.750[1] 2000-06-19 2001

Slovenian tolar SIT 239.640[2] 2006-07-11 2007

Cypriotpound CYP 0.585274[3] 2007-07-10 2008

Maltese lira MTL 0.429300[4] 2007-07-10 2008

http://en.wikipedia.org/wiki/Italian_lirahttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Luxembourgish_franchttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Portuguese_escudohttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Spanish_pesetahttp://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/Greek_drachmahttp://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/2000http://en.wikipedia.org/wiki/June_19http://en.wikipedia.org/wiki/Slovenian_tolarhttp://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/2006http://en.wikipedia.org/wiki/July_11http://en.wikipedia.org/wiki/Cypriot_poundhttp://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/2007http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/Maltese_lirahttp://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/2007http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/2007http://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/Maltese_lirahttp://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/July_10http://en.wikipedia.org/wiki/2007http://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/Cypriot_poundhttp://en.wikipedia.org/wiki/July_11http://en.wikipedia.org/wiki/July_11http://en.wikipedia.org/wiki/July_11http://en.wikipedia.org/wiki/2006http://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/Slovenian_tolarhttp://en.wikipedia.org/wiki/June_19http://en.wikipedia.org/wiki/June_19http://en.wikipedia.org/wiki/June_19http://en.wikipedia.org/wiki/2000http://en.wikipedia.org/wiki/Introduction_of_the_eurohttp://en.wikipedia.org/wiki/Greek_drachmahttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Spanish_pesetahttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Portuguese_escudohttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Luxembourgish_franchttp://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/December_31http://en.wikipedia.org/wiki/1998http://en.wikipedia.org/wiki/Italian_lira

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Euro markets.

Euro currency markets.

Euro bonds markets.

Euro credit.

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Meaning of Euro markets

Euro markets are banking markets for

deposits & loans, In other words Euromarkets is a large single market comprised ofall member countries, allowing for moreefficient trade.

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It facilitates hedging operations

It helps in management of several currency accounts

It facilitates FOREX operations &long trading hours

More opportunity for consumers

More attractive opportunities for foreign investors

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Meaning of Euro currency markets

Euro currency markets are the internationalcurrency markets where currencies are

borrowed and lent.

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It is mainly a Euro dollar market

This market exists because of savings and

time deposits rather than demand deposits

The deposits in this market is relatively shortterm in nature

It is a large international money marketrelatively free from government regulations

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Euro bonds means ,it is similar to the publicdebt sold in domestic capital markets & these

bond are issued in a bearer form.

Like euro currency market, Euro bond marketenables borrowers and lenders to be freefrom various monetary authority regulations&controls

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Eurobond transactions involve elaborate swapdeals in which two or more parties may exchangepayments on parallel

The Eurobond market is made up of investors,

banks, borrowers, and trading agents that buy,sell, and transfer Eurobonds

Eurobonds are a special kind ofbond issued byEuropean governments and companies, but oftendenominated in non-European currencies such asdollars and yen.

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Euro credits are short to medium term loansof Euro currency provided by an organized

group of financial institutions mainly Eurobanks to Corporations, Sovereigngovernments or international organisations

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GreeceGreece joined the euro on 1 January 2001,after the initial launch in 1999 but before theintroduction of notes and coins in 2002.

CyprusOn 13 February2007, the Republic of Cyprusformally applied to join the eurozone on 1

January2008. The final decision was

expected to be taken in Brussels on 2122June at an EU Summit to be ratified by all EUheads of state

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http://en.wikipedia.org/wiki/February_13http://en.wikipedia.org/wiki/2007http://en.wikipedia.org/wiki/January_1http://en.wikipedia.org/wiki/January_1http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/January_1http://en.wikipedia.org/wiki/January_1http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/2008http://en.wikipedia.org/wiki/January_1http://en.wikipedia.org/wiki/January_1http://en.wikipedia.org/wiki/2007http://en.wikipedia.org/wiki/February_13

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SlovakiaWill join Euro zone on 1 January 2009.

MaltaOn 1 December 2007, the Central Bank ofMalta issued for sale the first Maltese Euro

Set. This set was targeted for collectors andcontains the eight Maltese euro coins in BUquality, together with a commemorativeingot and a certificate, enclosed in a luxury

wooden case.

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http://en.wikipedia.org/wiki/Central_Bank_of_Maltahttp://en.wikipedia.org/wiki/Central_Bank_of_Maltahttp://en.wikipedia.org/wiki/Numismaticshttp://en.wikipedia.org/wiki/Coin_gradinghttp://en.wikipedia.org/wiki/Coin_gradinghttp://en.wikipedia.org/wiki/Coin_gradinghttp://en.wikipedia.org/wiki/Coin_gradinghttp://en.wikipedia.org/wiki/Numismaticshttp://en.wikipedia.org/wiki/Central_Bank_of_Maltahttp://en.wikipedia.org/wiki/Central_Bank_of_Malta

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