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Old March 15th 07, 04:06 PM posted to misc.invest.misc,rec.collecting.coins,rec.collecting.paper-money,sci.econ
Dik T. Winter
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Posts: 299
Default Obsolete Currency and Coin (was Least valuable currency)

In article . com "KnowledgeSeeker" writes:
....
Which brings up an interesting question. What happened/happens to the
currency & coin in a country when it converts to the Euro or when
there is a coup (or regime change) or when countries merge or when
countries split into more than one?


Depends. In the Euro countries the old money has gone out of circulation,
in some countries some is worthless by now, other money can still be
redeemed at banks (similar when in a country a banknote change, in some
countries the old banknote will lose its value after a certain time, in
other not). When there is a change of regime old money may or may not be
replaced by new money. When countries split the parts may or may not retain
the use of the old currency. When countries merge, old currency may or may
not retain its value, but I do not know when the last merger did occur.
--
dik t. winter, cwi, kruislaan 413, 1098 sj amsterdam, nederland, +31205924131
home: bovenover 215, 1025 jn amsterdam, nederland; http://www.cwi.nl/~dik/
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