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Euro Information

  • Timetable
  • Conversion rates


Timetable

February 28, 2002 (at latest)

National banknotes and coins finally withdrawn from use (end of dual circulation period).



January 1, 2002

Euro coins in circulation. Complete changeover to the Euro in public administration. National banknotes and coins start being withdrawn. start of short dual circulation period. All scriptural transactions must be denominated in euro.



January 1, 2001

Greece adopts the single currency.



January 1, 1999

The euro becames the currency for 11 Member States. The national currencies became `non-decimal' sub-units of the euro : conversion rates between each of them and the euro irrevocably fixed.



Conversion rates

Country Currency 1 euro (EUR) =
Belgium Belgian Franc 40.3399 BEF
Germany German Mark 1.95583 DEM
Greece Greek Drachma 340.750 GRD
Spain Spanish Peseta 166.386 ESP
France French Franc 6.55957 FRF
Ireland Irish Punt 0.787564 IEP
Italy Italian Lira 1936.27 ITL
Luxembourg Luxembourg Franc 40.3399 LUF
Netherlands Dutch Guilder 2.20371 NLG
Austria Austrian Schilling 13.7603 ATS
Portugal Portuguese Escudo 200.482 PTE
Finland Finnish Markka 5.94573 FIM