Belgium, The Euro Turn

euro_turns1 Every country needs a safe, durable and easy to use means of payment.

As from 1832, Belgium used thè frane as its currency.
The responso was the introduction of the European Monetary System (EMS) in 1979, based on thè new European Currency Unit (ECU).

The next step carne in 1990 with the establishment of thè Economie and Monetary Union (EMÙ). The ultimate goal was to introduce a single currency in the EU mem­ber states.

Economie efforts were demanded of ali candidates for accession to thè System. In December 1991 the EU member states signed thè Treaty of Maastricht, thus accepting the idea of a single European currency, which was given thè name "euro" in December 1995.

euro_turns2

On 1 January 1999 each acceding member state pegged its national currency to thè euro, creating a de facto currency union. In Belgium, one euro was worth 40.3399 francs. The Belgians were asked to hand in their coins between 15 October and 15 November 2001. T

he first euro mini-kits worth 500 francs went onsaleon 15 December 2001. 1 January 2002 was an importantday forthegreat European dream, as thè euro notes and coins became legai tender. On 28 February 2002 a dozen EU member states voted to adopt the euro as the only legai means of payment. Since that date the European Union has strengthened its economie and politicai position compared with superpowers like the United States and Japan.

Daily life has changed radically since the introduction of the euro. A whole generatori had to learn how to count and pay in euros and cents. And you cari now pop over the border to Amsterdam, Paris or Cologne without having to buy forex.

That's ali thanks to the euro.

Data issue: 19/01/2009

(self adhesive stamps)

Previous
Next Post »

1 commenti:

Click here for commenti
PancerBali
admin
14 July 2009 at 07:59 ×

It’s so nice site. We love to see more on this site. Keep on updating… MonkAreRee Bali ***

Reply
avatar
Cuba, birds, stamps, animals Croatia, birds, stamps, animals Cook Islands, birds, stamps, animals Cocos Islands, stamps, birds, animals Congo, Africa, stamps, birds, animals China, stamps, birds, animals Chile, stamps, birds, animals Cayman Islands, birds, stamps, animals Cayes of Belize, birds, animals, stamps Caribbean Netherlands, birds, stamps, animals

Random Posts

  • Belgium, Tourism
    06.10.2008 - 0 Comments
    George Grard (1901-1984) is acknowledged as one of thè greatest Belgian scuiptors.His most famous piece is "La Mer", nicknamed Fat Mathilde, in Ostend's Leopoldpark.The George Grard foundation was later…
  • Bird stamps from Djibouti.
    16.07.2015 - 0 Comments
    Djibouti  officially the Republic of Djibouti, is a country located in the Horn of Africa. It is bordered by Eritrea in the north, Ethiopia in the west and south, and Somalia in the southeast. The…
  • Belgium,  L'Antarctique
    11.10.2007 - 0 Comments
    L'Antarctique 12 18 06 2007 …
  • Luxembourg, A Touristic Series: Eisch Valley.
    18.07.2010 - 0 Comments
  • Bird stamps from Ajman.
    31.07.2011 - 0 Comments
    Ajman  also spelt Ujman, is one of the seven emirates constituting the United Arab Emirates (UAE). With an area of just 260 square kilometres (100 sq mi), Ajman is the smallest emirate by area. Its seat…
  • Top 10 Posts for April 2015 from Stamps of the World.
    12.05.2015 - 0 Comments
    1.- Postage stamps and postal history of Romania This is a survey of the postage stamps and postal history of Romania. The principality of Moldavia issued stamps immediately upon gaining autonomy in 1858,…
  • Bird stamps from Brazil.
    01.08.2012 - 0 Comments
    Brazil is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people. It is the only Portuguese-speaking country…
  • Bird stamps from Belarus.
    30.04.2012 - 0 Comments
    Belarus, is a landlocked country in Eastern Europe, bordered clockwise by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Its capital is Minsk;…
  • Chess on Stamps (Andorra - Israel).
    26.06.2013 - 0 Comments
    1996 1980 1947 1958 1962 1962 1951 1974 1986 1965 1986 1966 1974 1976 1993 1950 1979 1992 1972 1972 1964 …
  • Belgium, Beijing Olympics
    06.10.2008 - 0 Comments
    The Olympics go to China for thè first lime ever between 8 and 24 August 2008. The Chinese are committed to using thè world's greatest sporting event to give thè entire globe a positive view on their…