Jim, > Euros have been in use for some time, and for about the last > year most of the disappearing currencies have been in a > mode of forced-exchange to the Euro. So, in Paris this Summer, > paying in francs at Timhotel was only possible using the > franc-Euro exchange rate set by fiat by the European money > authorities. I found it better to exchange US dollars for > francs or Euros at a cambio rather than accept this terrible > franc-Euro exchange. At one point, it seemed cheaper to > exchange francs to dollars to Euros at a cambio rather than > accept the fiat exchange rate. Again, many people have gotten > used to thinking in Euros, especially folks in Europe
This really does not make any sense. I am not interested in doing a marketing job for Euros. It is just facts. The fact is it is a FIXED exchange rate and there is NO DIFFERENCE between French Francs and Euros. You could not possibly have bought Euros at a cambio because they do not yet exist in paper form (well maybe you could have bought Euro travellers cheques, that's about it) . If you were paying by cheque or card then there is NO DIFFERENCE between French Francs and Euros, they are one and the same creature. If you exchanged French Francs into dollars into Euros then someone was ripping you off big time. I can understand why members of the public might be confused by the Euro. However the banking business, even US banks, Visa, Mastercard etc have been settling all "legacy currency" transactions in Euros for the past two years. So I really don't understand why it has suddenly become such a big deal amongst people on this list who are supposedly knowkedageable on currency trading etc. Regards Nick Fidex --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] http://www.e-gold.com/stats.html lets you observe the e-gold system's activity now!
