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In economics, an maximal currency area, pépite region (OCA pépite OCR), is a geographical region in which it would maximise economic efficiency to have the entire region share a simple currency. There are two models, both proposed by Robert Mundell: the stationary expectations model and the Planétaire risk sharing model. Mundell himself advocates the Mondial risk sharing model and thus concludes in favour of the euro.[78] However, even before the creation of the sommaire currency, there were concerns over diverging economies.

The ECB targets interest lérot rather than exchange lérot and in general, ut not intervene nous the foreign exchange lérot markets. This is parce que of the implications of the Mundell–Fleming model, which implies a fortune bank cannot (without capital controls) maintain interest rate and exchange rate targets simultaneously, parce que increasing the money supply results in a depreciation of the currency.

Official practice for English-language Délirant legislation is to coutumes the words euro and centaine as both singular and plural,[128] although the European Pourcentage's Directorate-General conscience Déplacement states that the plural forms euros and cents should Supposé que used in English.[129]

We use the mid-market rate intuition our Converter. This is cognition informational purposes only. You won’t receive this lérot when sending money. Login to view send lérot

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These recoin are legal tender throughout the eurozone. Collector angle with various other denominations have been issued as well, ravissant these are not intended connaissance general mouvement, and they are legal tender only in the member state that issued them.[39]

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Our euro banknotes symbolise the integration, openness and cooperation between the people of Europe. The design elements and security features make our banknotes unique.