6. What is the currency of Spain?Euro Dollar Khayat BahtAnswer: A) EuroExplanation:Euro banknotes and coins were introduced in Spain on 1 January 2002, after a transitional period of three years when the euro was the official currency.
Prior to the inception of the Euro, the Netherlands official currency was the Dutch guilder, which we’ll simply refer to as the guilder. This was the case for 322 years, from 1680 all the way to 2002. And the guilder is still in fact used in the countries of Sint Maarten and Curacao...
What would happen if there were no currency? ByBuriRam— On Oct 17, 2010 Here is my currency question: What currency is represented by the symbol J? EX: J2,000,000. Is this bogus or valid? Bypleats— On Aug 10, 2010 I think it's cool to watch the progression of the Euro currency...
Let me give you a detailed introduction to what the Philippine currency is called. The Philippine currency is called the "Philippine peso", which is the legal tender of the Philippines. The Philippine peso is one of the countries in the world that was colonized by Spain and used the peso ...
The name of the euro was first introduced in 1995 in Spain.11As an accounting currency, the euro was introduced in 1999. It replaced the ECU at a 1:1 ratio. Euro coins and banknotes were put into circulation in 2002, making it the daily operating currency for the region.12Now, the eu...
“monetize the debt” of the U.S. Treasury, that is exactly what the Fed would do if there were a chance that the Treasury could not otherwise repay its outstanding obligations. The Fed, after all, has a mandate to provide full employment as well as a sound currency, and a federal ...
What Is the European Union (EU)? The European Union (EU) is a political and economic alliance of 27 countries. It promotes democratic values in its member nations and is one of the world's most powerful trade blocs. Nineteen of the countries share theeuroas their official currency. ...
I agree that the Eurozone was a flawed currency union from the start. So yes, what ails Europe is a structural monetary problem. But the monetary problem goes deeper than that. There is also a cyclical monetary problem that is alluded to in the bold passage above. This cyclical dimension...
Spain: 24 characters Norway: 15 characters Each IBAN is comprised of the following codes: Country code:Each country that participates in the IBAN system has its own country code. Check digit code:This code allows the sending bank to validate the accuracy of the IBAN. ...
Spain exports $330 billion worth of goods annually, making it the 15th largest export economy in the world. However, if you deduct annual imports totaling $377 billion, the country has a negative trade balance of -$47.3 billion. Spain’s GDP is $1.4 trillion and that results in a GDP pe...