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<p>[QUOTE="chrisild, post: 433508, member: 39"]What works here (in the euro area, currently 15+3 countries) does not necessarily work elsewhere. Also keep in mind that, if you replace several old currencies with one new currency, it is always easier to explain that some things need to change. In the Netherlands, for example, people were not exactly happy about the 0.25, 2.50 and 25.00 coins/notes being replaced by 0.20, 2.00 and 20.00 - but it was not all that difficult to get the message across that with a common currency you cannot have both.</p><p><br /></p><p>Now if you modify the "cash setup" in just one country, that is more difficult: Why the change, what should that be good for? etc. Such questions are the more important the less relevant cash is. Here in Euroland we have the odd situation that cash can still be used more universally than other means of payment - not within one single country but across member state lines. That is changing (euro transfer, SEPA, etc.) but will take some time. In the US that is different.</p><p><br /></p><p>By the way, the two smallest coins depicted here are not really used in FI and NL: They usually round cash totals up/down so that 1 and 2 cent pieces (while still being legal tender) are practically not in use.</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 433508, member: 39"]What works here (in the euro area, currently 15+3 countries) does not necessarily work elsewhere. Also keep in mind that, if you replace several old currencies with one new currency, it is always easier to explain that some things need to change. In the Netherlands, for example, people were not exactly happy about the 0.25, 2.50 and 25.00 coins/notes being replaced by 0.20, 2.00 and 20.00 - but it was not all that difficult to get the message across that with a common currency you cannot have both. Now if you modify the "cash setup" in just one country, that is more difficult: Why the change, what should that be good for? etc. Such questions are the more important the less relevant cash is. Here in Euroland we have the odd situation that cash can still be used more universally than other means of payment - not within one single country but across member state lines. That is changing (euro transfer, SEPA, etc.) but will take some time. In the US that is different. By the way, the two smallest coins depicted here are not really used in FI and NL: They usually round cash totals up/down so that 1 and 2 cent pieces (while still being legal tender) are practically not in use. Christian[/QUOTE]
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