What was the need to start Euro while everything was going well with every country having its own currency?
485533
The launch of the Euro was a mean to match the economic might of the United states, which incidentally is still bigger than most of the EU combined, furthermore the world trade was employing the US dollar as the functional currency which bore difficulties for other countries as in, if by way of market the US dollar was subject to depreciation the value of Dollar reserves in any country would decline, this gave a lot of power into the hands of the US economy, as these reserves were and still are used to stabilize the exchange rate of an economy (having an overall effect on the imports and exports), therefore a new no barrier bloc was formed which eased and increased trade activities with the European continent, and the use of single currency and its performance now regulated by the Euro Bank (the Euro Bloc's central Bank) who sets individual targets (inflation ,growth etc.) on different economies, as a condition of continued membership.
630121
Make sure the nation you open the bank in doesn't require ridiculous payments to the government because your hard-earned money is YOUR hard-earned money. I'd say try a nation that may be having a little of trouble economically so that the people there would like to keep their finances safe and in a bank. Good interest rates would help in that situation and try to make fees as low as possible without losing money as a result.
603150
We have different currencies because countries wish to maintain control of their own finances. The state of the  national currency is an important part of a nation's sovereign power.\n\nHow it works is really simple in principle. Currency is just another commodity for which people have varying needs and for which they are willing to pay varying amounts. Absent currency controls the value of a dollar, euro, yen or whatever is determined by what amount of other currencies people are willing to pay for them.
363756
A country's central bank controls the currency.  If a country were to just print out more money (too much money) they will end up destabilizing the currency, meaning too much money chasing too few goods.  This will cause high inflation and will then cause more money to be printed and on and on.  Additionally world markets will see what is going on and will take their money out causing more damage to that country.  Just printing out more currency is not the answer, just ask some South American countries, they learned that the hard way.
511748
we in america dumped it.\nthe euros still use nano.\nMIKE
1038306
Given the difficulties of the EU at the moment, it would be wisest to position as a European brand and develop it independently of the global brand. It would much like the Lexus introduction in the late 80s which separated it from the stigma of being a "Japanese car" and created a very successful new luxury car market during a recession
480909
The answer is nothing ! Zero! Thats because there is the Euro now in Europe!
238610
(m)\n\nThe new currency, of course, is the euro, which this year (2002) is replacing the national currencies of Spain and 11 other European countries, including Germany and France but not Great Britain. The new currency and coins became official on Jan. 1, replacing Spain's peseta and other national currencies. Although the peseta will be phased out for most uses by Feb. 28, until then transactions may take place in both currencies. After June 30, it will be difficult to trade in pesetas for the new currency. \n\nThe euro is worth 166.386 pesetas. As of January 1, 2002, the euro was worth almost $0.89 U.S. or £0.61 British, although those exchange rates will fluctuate with international economic conditions. Thus, as of this writing, something worth $10 U.S. (or £6.89) would cost €11.29. Keep in mind that monetary punctuation in Spain is reverse that of English, so the figure would be written €11,29.
164817
The role and function of the money in europe is no different then then the role and function of money elsewhere in the world. Its not because there are differnet currencies that the purpose of it is different. Ofcourse the value of it may vary to differnt standards of living.\nRoles of banks, and other financial facilities are the same as everywhere else in the world.
954283
Yes, we should pull out. If we go any further, won't we loose all of our countries individuality? Like our money, would we have to convert to Euro's?, like France, from Francs to Euro's.\nThere must be something that can be done with £4 billion - the Nhs, schools, for example....
886366
European nations began that long before the U.S. was even created. The U.S. did so because they ran out of frontier and wanted to expand outward, both in the Pacific and the Caribbean. It may have also been due to international competition, or at least that's my opinion.
222678
Well if i am not mistaking...I believed that one rule said that there would be one type of currency for everyone but on the other hand it said that states had the right to have their own currency. That's all i can remember for sure, from my American History I class :)
634266
It works fairly well as long as the country has a strong and stable economy and can support the peg with open market operations.  The problem is that countries who have a strong economy are the ones that are least likely to want a peg.  The weak countries want the peg so that the currency doesn't devalue too much, so they pick the peg.  It's really bad when they can't hold it up and they have to devalue as happened in Argentina.
264457
That's not exactly true.  Europe has adopted the Euro which is used by all European countries, however Great Britain which is part of the European union has elected to stay with the pound, for now.
610287
Everbank has accounts in foreign currencies. For example, you can open a CD in Euros.
305289
The primary reason was the US was shocked by WW1 and didn't want to get involved in Europe's problems anymore.  The US was also focusing on a lot of problems at home, including the Great Depression, and didn't want to spend money on foreign affairs.
118204
Nothing\n\nThe Euro is now the currency of Spain\n\nIt would have been worth $7.17\n\nIt is no longer accepted for changing at commercial banks. There is a very faint chance that the central Spanish bank in Madrid  may still change it for Euros.