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FREQUENTLY ASKED QUESTIONS

 Banknotes and coins |  Banking Services and Means of Payment
 Euro and businesses |  Euro and taxation

Banknotes and coins

  • What's are the differences between Euro and ECU?

  • After January 1 2002, for how long will it still be possible to use the old lira notes and coins?

  • Where can I exchange the unused national currency for Euro tender after February 28 2002?

  • Which are the subunits composing the Euro?

  • How to recognise the genuine Euro banknotes?

    Banking services and means of payment

  • How to draw a cheque in Euro currency?

  • What will be the impact of the Euro on salaries and wages?

  • What will be the impact of the Euro on bank accounts and savings passbooks?

  • What will be the impact of the single currency on loans?

  • What will be the impact of the Euro on pensions?

    Euro and businesses

  • What will be the impact of the Euro on contracts?

  • How will the Euro affect trade and business relations with the EMU participating countries?

  • Will economic and monetary Union help reduce price differentials within the member States?

  • What will be the impact of the Euro on international transactions and foreign currency transfers?

  • During the transition period, what will be the conversion guidelines to convert EU currencies into US dollars?

    Euro and taxation

  • What will be the effects of the changeover on accounting and taxation?

  • When should my company start drawing up the balance sheet in Euro?

  • What will be the conversion and rounding guidelines?
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