Amazon books Anticipated and concurring effects
Euro Cy Eurozone Eurozone Frame
Europa: Euro: Welcome Europa: Euro: Glossary Europa: Euro: Site Map Europa: Contacts European Central Bank (ECB)
Eurostat Eurozone Advisors EU Euro EU Economic and Financial Affairs Eastward enlargement of Eurozone
Images of the Euro Banknotes Impact on financial markets IWBF Ministry of Finance
CYPRUS:
Double indication: Till 30.6.08
Start: 1.1.08
Parallel use: Till 31.1.08
Conversion Price: Till 30.6.08
CONVERSION PRICE:
1 Euro = 0.585274 CP
COMPLAINTS:
Complaints: Tel. 25-806546
DOWNLOADS:
DATA:
Entered in 2007: Slovenia
Old countries that opted not to enter: UK, Denmark, Sweden
Rounding to 2 decimals
Double Display of prices: Sep07 - Jun08
Parallel use of euro and pound: Jan08
Use of euro only: From Feb08
Bank transactions in euro only: From Jan08
Entry Date: 1.1.2008: Cyprus, Malta
Liaison Officer in every government service
Central Bank
Preparation: Government, Business sector
Increase of productivity in public sector
Lisbon Strategy Objectives
--
Increase in prices: Rounding
Inflation
Simultaneous display of prices during transitional period
--
Maastricht Indicators: Κριτήρια Σύγκλισης:
Inflation 1.5% (compared to 3 MS with best performance)
public debt deficit 3% of GDP, public debt -60% of GDP,
long-term interest 2% (comp. to 3 MS with best perf.)
exchange rate stability
--
Countries:
BE, DE, GR, ES, FR, IE, IT, LU, NL, PT, AT, FI
--
CY: Current Status: ERM II: 2.5.05
--
Maastricht criteria
Competitiveness of the economy
Fiscal policy
Monetary policy
--
ECB: interest rates
EMU
ERM II: Exchange Rate Mechanism
--
HICP: Harmonized Index of Consumer Prices
--
Adaptations
--
Benefits:
Interest rate convergence
No need for conversion for travels abroad
Export boost
Investment reinforcement
Immediate access to stock markets
Better transparency for prices
--
Risks:
Increase in prices
Inflation
INFORMATION:
Tel. 80002008