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Will new EU countries make their own Euros?
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<p>[QUOTE="KLJ, post: 34956, member: 1910"]As the rules stand right now, a rather complex calculation assigns each nation that is a member of Euroland a certain total amount of Euro coins that it has to mint. This prevents one, or several, nations from flooding the market with coins or from withholding coins, as either action could have serious negative effects on the economy (i.e. inflation or deflation). When the new members of the EU can start to mint coins, they will be given an assignment of coins as well. They will also have the privilege of designing their own obverses (or are those reverses?). I believe I saw an article in CW not too long ago about Estonia's design. There will also be larger mintages of the total number of each denomination because there is more demand (what with more people and all that), although individual nations may end up minting fewer coins.[/QUOTE]</p><p><br /></p>
[QUOTE="KLJ, post: 34956, member: 1910"]As the rules stand right now, a rather complex calculation assigns each nation that is a member of Euroland a certain total amount of Euro coins that it has to mint. This prevents one, or several, nations from flooding the market with coins or from withholding coins, as either action could have serious negative effects on the economy (i.e. inflation or deflation). When the new members of the EU can start to mint coins, they will be given an assignment of coins as well. They will also have the privilege of designing their own obverses (or are those reverses?). I believe I saw an article in CW not too long ago about Estonia's design. There will also be larger mintages of the total number of each denomination because there is more demand (what with more people and all that), although individual nations may end up minting fewer coins.[/QUOTE]
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