Special euro: what to know point by point
by admin on Dec.28, 2009, under finance
Euro starts the countdown. Italian branches of banks were submerged in these days of extra work. But the arrival of the single currency will not change the relationship with the non banchee will upset the habits of customers. Almost all transactions in fact, mainly involving bank staff and often have automatic character. Conversion: a euro is worth 1936.27 dollars. The exchange rate and ‘fixed. The council, which is also the Ministry of Economy, and ‘what to hold, at least initially, a coffee convertitrice.Assegni: the only difference compared to checks in pounds, and’ in writing the amount in letters often has to repeat a digit with the decimal comma. The comma should be replaced by a ‘/’ and the end of the figure should be expanded to ‘cents’. Cosi ‘3.35 euros, or: tre/35cinquecentesimi. If the figure is ’round’, after the ‘/’ you should instead add 2 “zeros”. ATM: Today is the last day of the lira. Until midnight ATMs disburse lire, after will be gradually allowed to distribute banknotes of 20 and 50 euros. It is expected that in the first days of January about 80 to 90% of ATMs will work with the euro. According to data supplied by ABI, before the first week of January 80 to 90% of ATMs will work to euro.Depositi bank tomorrow January 1, all bank accounts will be denominated in euros. No fear, therefore, whether under the balance figure will be “reduced”, since the conversion operation will be done automatically by the banks and will not result in costs for customers. Also ledisposizioni contract value will identico.Titoli of State: January 1, ‘99 state securities have been reclassified in euros, without changes in the value or features like interest rates or maturities. Until January 1, 2002, however, you can still buy and sell bonds denominated in lire.Azioni and funds: no change for those who own stocks or shares in investment funds. Will change only the face value, not the purchasing power of its portfolio finanziario.Prestiti: the redenomination in euro will be automatic, from next January 1. Naturally applies to loans taken earlier in mortgage lire.Mutui: no effettp, with the entry into circulation of the single currency, the value and cost of mortgage loans. Like all contracts may not be amended or terminated unilaterally because of the euro.