Tuesday, November 6, 2007

Euro Zone..

The Euro Zone:
The Euro Zone comprises the following countries:
Austria
Belgium
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Portugal
Slovenia
Spain
Thus 13 of the Member States of the European Internal Market have adopted the Euro.
Monaco, San Marino, and Vatican City also use the Euro, although they are not officially Euro members nor members of the EU. These countries use the Euro by virtue of agreements concluded with EU member states (Italy in the case of San Marino and Vatican City, France in the case of Monaco), on behalf of the European Community.
Conversion rates:
1 Euro= 13.7603 Austrian schillings= 40.3399 Belgian francs= 5.94573 Finnish markka= 6.55957 French francs= 1.95583 German marks= 340.750 Greek drachmas= 0.787564 Irish pounds= 1 936.27 Italian lire= 40.3399 Luxembourg francs= 2.20371 Dutch guilders= 200.482 Portuguese escudos= 239.64 Slovenian tolars= 166.386 Spanish pesetas(The Euro replaced the ECU at the rate of 1 Euro = 1 ECU )

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