Euro notes cash in to overtake dollar

http://www.ft.com/cms/s/18338034-95e...0779e2340.html

Euro notes cash in to overtake dollar

By Ralph Atkins in Frankfurt

Published: December 27 2006 22:07 | Last updated: December 27 2006
22:07

The US dollar bill’s standing as the world’s favourite form of cash
is being usurped by the five-year-old euro.

The value of euro notes in circulation is this month likely to exceed
the value of circulating dollar notes, according to calculations by the
Financial Times. Converted at Wednesday’s exchange rates, the euro
took the lead in October.

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The figures highlight the remarkable growth in euro notes since their
launch on January 1 2002, three years after the start of Europe’s
monetary union, which in January welcomes its 13th member – Slovenia,
the former Yugoslav republic.

“After the launch, we expected growth to stabilise – but it has
continued over five years,� Antti Heinonen, head of the European
Central Bank’s bank notes directorate, told the Financial Times.

Although the ECB does not deliberately promote the international use of
the euro, it has become popular in official foreign exchange reserves
– even if it is far from challenging the dollar’s lead as the most
popular reserve currency.

News that euro notes are challenging the dollar may cheer eurozone
politicians – even if it partly reflects the currency’s strength
– but it may have a dark side too. Fast growth in the highest
denomination notes, especially the €500 note, has raised suspicions
that they are popular among criminals, although the ECB plays down this
factor.

By the end of October the $759bn-worth of US dollar notes in
circulation was only a fraction ahead of the value of euro notes,
converted at exchange rates at that time.

But since October the euro has risen strongly against the dollar and
this month the value of euro notes has risen to more than €610bn, or
in excess of $800bn at the latest exchange rates. That level is
unlikely to have been beaten by the greenback.

If I have a business in the US, am I allowed to accept euro notes if I
wish? I always wondered that.



http://www.reviewmymechanic.com/news.php

On 28 Dec 2006 07:15:48 -0800, wrote:

If I have a business in the US, am I allowed to accept euro notes if I
wish? I always wondered that.

You're allowed to accept Lithuanain tree bark, if you like.


--
************* DAVE HATUNEN ) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *

Let is be knownst that on 28 Dec 2006 05:10:13 -0800,
"ginger-haired-lard-arsed-money-grabbing-bitch"
writted:

http://www.ft.com/cms/s/18338034-95e...0779e2340.html

Euro notes cash in to overtake dollar

Mwahahahahaaaaa!!!!

Let's wait until they're nice and fat, and preoccupied with the
muslims and China, and then the EU can invade!
--
---
DFM - http://www.deepfriedmars.com
---
--

ginger-haired-lard-arsed-money-grabbing-bitch wrote:
http://www.ft.com/cms/s/18338034-95e...0779e2340.html

Euro notes cash in to overtake dollar

By Ralph Atkins in Frankfurt

Published: December 27 2006 22:07 | Last updated: December 27 2006
22:07

The US dollar bill’s standing as the world’s favourite form of cash
is being usurped by the five-year-old euro.

The value of euro notes in circulation is this month likely to exceed
the value of circulating dollar notes, according to calculations by the
Financial Times. Converted at Wednesday’s exchange rates, the euro
took the lead in October.

Considering the growth of the U. S. deficit since the moron
took office as President, and the fact that much of our
economy survives due to foreign investors, is anyone really
surprised?

wrote:

If I have a business in the US, am I allowed to accept euro notes if I
wish? I always wondered that.

SFAIK, you are at liberty to "accept" any currency you
choose (even Confederate dollars). Getting your bank to
accept it as legal tender, without a hefty fee and
unfavorable exchange rate, is another matter!

The deficit has shrunk dramatically since PRESIDENT Bush cut tax rates.
Unlike Evelynvogtgobbledegook's alcohol consumption

Deeply Filled Mortician wrote:

Let is be knownst that on 28 Dec 2006 05:10:13 -0800,
"ginger-haired-lard-arsed-money-grabbing-bitch"
writted:

http://www.ft.com/cms/s/18338034-95e...0779e2340.html

Euro notes cash in to overtake dollar

Mwahahahahaaaaa!!!!

Let's wait until they're nice and fat, and preoccupied with the
muslims and China, and then the EU can invade!


Invade *what*!? Remember, the Europeans couldn't even take care of
that little contretemps in the Balkans back in the 90's, took US
leadership to put that mess to order.

Of course it's not surprising, seeing that the penultimate "goal" of
European civilisation is to achieve a "leisure society", with as much
holiday time as possible for everyone (including the unemployed!)...

--
Best
Greg

Let is be knownst that on 28 Dec 2006 12:04:11 -0800, "Gregory Morrow"
writted:


Deeply Filled Mortician wrote:

Let is be knownst that on 28 Dec 2006 05:10:13 -0800,
"ginger-haired-lard-arsed-money-grabbing-bitch"
writted:

http://www.ft.com/cms/s/18338034-95e...0779e2340.html

Euro notes cash in to overtake dollar

Mwahahahahaaaaa!!!!

Let's wait until they're nice and fat, and preoccupied with the
muslims and China, and then the EU can invade!


Invade *what*!? Remember, the Europeans couldn't even take care of
that little contretemps in the Balkans back in the 90's, took US
leadership to put that mess to order.

Of course it's not surprising, seeing that the penultimate "goal" of
European civilisation is to achieve a "leisure society", with as much
holiday time as possible for everyone (including the unemployed!)...

Sure as hell better that what the USA's offering at the moment, n'est
pas?
--
---
DFM - http://www.deepfriedmars.com
---
--

OT so here come voghtdiva and morrow

"EvelynVogtGamble(Divamanque)" a écrit dans le
message de news: ...


wrote:

If I have a business in the US, am I allowed to accept euro notes if I
wish? I always wondered that.

SFAIK, you are at liberty to "accept" any currency you choose (even
Confederate dollars). Getting your bank to accept it as legal tender,
without a hefty fee and unfavorable exchange rate, is another matter!