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What's the equivalent of a Euro "cent"?

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What's the equivalent of a Euro "cent"?

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Old Sep 17th 2003, 10:49 pm
  #31  
Gernot Egger
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Default Re: What's the equivalent of a Euro "cent"?

"Henry" <[email protected]> schrieb im Newsbeitrag
news:1g1hh2c.lso7uz1yd462nN%[email protected]...
    > Sorry--I repeat, not legal tender. You simply cannot spend these coins;
    > according to Finnish law, merchants, etc. are not obligated to accept
    > them, and no one will.

Sorry, I do not believe that as the EU-law is differnt IIRC and I do not
think that a Finnish law overrules a EU one!

You won't be successful in spending the small coins in .fi but I think they
are still legal tender.

lg Gernot
 
Old Sep 17th 2003, 11:21 pm
  #32  
Mxsmanic
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Default Re: What's the equivalent of a Euro "cent"?

Henry writes:

    > Not quite true. The one cent and two cent coins are not issued in
    > Finland; consequently, those issued elsewhere are not accepted as legal
    > tender in Finland.

Finland is legally obligated to accept them as legal tender. It's part
of the euro agreement. They may not use them routinely, but they are
required to accept them in payment, with correct change.

--
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Old Sep 17th 2003, 11:22 pm
  #33  
Mxsmanic
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Default Re: What's the equivalent of a Euro "cent"?

Henry writes:

    > Sorry--I repeat, not legal tender. You simply cannot spend these coins;
    > according to Finnish law, merchants, etc. are not obligated to accept
    > them, and no one will.

Not so. Finland is _required_ to accept all euro currency as legal
tender. Euro countries do not have the option of selectively accepting
or refusing only certain coins or bills. They need not mint them all,
but they must accept their use.

--
Transpose hotmail and mxsmanic in my e-mail address to reach me directly.
 
Old Sep 18th 2003, 12:31 am
  #34  
Mark Hewitt
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Default Re: What's the equivalent of a Euro "cent"?

"Mxsmanic" <[email protected]> wrote in message
news:[email protected]...
    > Henry writes:
    > Not so. Finland is _required_ to accept all euro currency as legal
    > tender. Euro countries do not have the option of selectively accepting
    > or refusing only certain coins or bills. They need not mint them all,
    > but they must accept their use.

However traders are not obligated to accept anything at all. They could
choose to refuse ?5 notes if they didn't like the colour of them, for
example! Banks are a different issue entirely.
 
Old Sep 18th 2003, 12:35 am
  #35  
Mark Hewitt
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Default Re: What's the equivalent of a Euro "cent"?

"Lizard" <[email protected]> wrote in message
news:5I%[email protected]...
    > i.e., if something costs 3,50euro, how would you say this? "three euros,
    > fifty _____" cents? is there another word for it? or do they say
"three
    > and a half euros" or "three point five euros"?

"Three Fifty"
or "Three Euro Fifty" if you want to be formal.

    > nickels, dimes, and quarters?

These are specific to the USA. Use these terms and you will either get a
blank stare, be laughed at, or verbal abuse (from me ;-))
 
Old Sep 18th 2003, 12:38 am
  #36  
David
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Default Re: What's the equivalent of a Euro "cent"?

"Lizard" <[email protected]> wrote in message news:<5I%[email protected] >...
    > i.e., if something costs 3,50euro, how would you say this? "three euros,
    > fifty _____" cents? is there another word for it? or do they say "three
    > and a half euros" or "three point five euros"? What about the
    > denominations? are there pennies, nickels, dimes, and quarters?
    >
    > Thanks


In what country and language ? In Germany they say Drei Euro Funfzig,
in England they will soon say "That will be 1GBP please" :-)
Dave
 
Old Sep 18th 2003, 1:08 am
  #37  
Keith Willshaw
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Default Re: What's the equivalent of a Euro "cent"?

"Mark Hewitt" <[email protected]> wrote in message
news:[email protected]...
    > "Mxsmanic" <[email protected]> wrote in message
    > news:[email protected]...
    > > Henry writes:
    > >
    > > Not so. Finland is _required_ to accept all euro currency as legal
    > > tender. Euro countries do not have the option of selectively accepting
    > > or refusing only certain coins or bills. They need not mint them all,
    > > but they must accept their use.
    > However traders are not obligated to accept anything at all. They could
    > choose to refuse ?5 notes if they didn't like the colour of them, for
    > example! Banks are a different issue entirely.

I wouldnt be so sure unless you are very familiar with
applicable national and european law.

The definition of legal tender in UK law is

That currency, or money, which the law authorizes a debtor to
tender and requires a creditor to receive.

This is not the same as legal currency, Scottish Bank
notes are NOT legal tender even in Scotland, you
cannot force a creditor to accept payment in Scottish
bank notes in satisfaction of a debt.

Similarly there is a maximum number of small coins
beyond which they do not count as legal tender, this
prevents people paying their mortgage in pennies

Keith
 
Old Sep 18th 2003, 1:40 am
  #38  
Henry
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Default Re: What's the equivalent of a Euro "cent"?

Gernot Egger <[email protected]> wrote:

    > You won't be successful in spending the small coins in .fi but I think they
    > are still legal tender.

Erm...'legal tender' _means_ that you can spend them.

cheers,

Henry
 
Old Sep 18th 2003, 1:40 am
  #39  
Henry
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Default Re: What's the equivalent of a Euro "cent"?

Mxsmanic <[email protected]> wrote:

    > Henry writes:
    >
    > > Not quite true. The one cent and two cent coins are not issued in
    > > Finland; consequently, those issued elsewhere are not accepted as legal
    > > tender in Finland.
    >
    > Finland is legally obligated to accept them as legal tender. It's part
    > of the euro agreement. They may not use them routinely, but they are
    > required to accept them in payment, with correct change.

Thanks for your opinion, but I'm afraid you are flat-out WRONG. I live
here.

cheers,

Henry
 
Old Sep 18th 2003, 1:42 am
  #40  
Krist
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Default Re: What's the equivalent of a Euro "cent"?

Judith Umbria wrote:
    > "Miguel Cruz" <[email protected]> wrote in message
    > newsO%[email protected]...
    >
    >>Lizard <[email protected]> wrote:
    >>>i.e., if something costs 3,50euro, how would you say this? "three
    >
    > euros,
    >
    >>>fifty _____" cents? is there another word for it? or do they say
    >
    > "three
    >
    >>>and a half euros" or "three point five euros"? What about the
    >>>denominations? are there pennies, nickels, dimes, and quarters?
    >>The euro equivalent of a cent is called a "cent".
    >>For pictures of all the coins go here:
    >
    >
    > That sounds like France. In Italy it is called centesimo, and there is a
    > plural form as there is not for Euro.

It is officially a "cent", everywhere in Europe. Much to the chagrin of
the French.
This does not mean that locals everywhere have taken to calling it by
something that appeals more to them. In France "centime" is heard a lot,
for example.
You will not find "centime" or "centesimo" in official ECB documents.
Not even Italian ones...

--
Krist
 
Old Sep 18th 2003, 1:48 am
  #41  
Krist
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Default Re: What's the equivalent of a Euro "cent"?

Henry wrote:

    > Not quite true. The one cent and two cent coins are not issued in
    > Finland; consequently, those issued elsewhere are not accepted as legal
    > tender in Finland.

Finland itself did issue a number of 1 and 2 cent coins though...

--
Krist
 
Old Sep 18th 2003, 2:18 am
  #42  
Henry
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Default Re: What's the equivalent of a Euro "cent"?

Krist <[email protected]> wrote:

    > Henry wrote:
    >
    > > Not quite true. The one cent and two cent coins are not issued in
    > > Finland; consequently, those issued elsewhere are not accepted as legal
    > > tender in Finland.
    >
    > Finland itself did issue a number of 1 and 2 cent coins though...

Ha! This is funny, too. Some countries--the Netherlands is one I know
of--gave their people 'sample packs' of the new coins shortly before the
changeover. Finland 'issued' the one and two cent coins, yes, but only
as part of its 'sample pack'--which it _sold_ to the public FOR MORE
THAN THE VALUE OF THE COINS IN THE PACK!!!

In general, the Finnish one and two cent coins are not available
anywhere, even from the Bank of Finland. Quoting from their website

http://www.bof.fi/eng/alku-intro.asp...ooppi&lang=eng

"The public cannot obtain one and two cent coins from the Bank of
Finland."

cheers,

Henry
 
Old Sep 18th 2003, 2:22 am
  #43  
Gernot Egger
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Default Re: What's the equivalent of a Euro "cent"?

"Henry" <[email protected]> schrieb im Newsbeitrag
news:1g1hq71.1g6evt7104clitN%[email protected]...
    > Gernot Egger <[email protected]> wrote:
    > > You won't be successful in spending the small coins in .fi but I think
they
    > > are still legal tender.
    > Erm...'legal tender' _means_ that you can spend them.

No, it es legal technical term. And I am right, 1 and 2 cent-coins are legal
tender in Finland by EU law!

Sorry.

lg Gernot
 
Old Sep 18th 2003, 2:24 am
  #44  
Wolfgang Schwanke
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Default Re: What's the equivalent of a Euro "cent"?

[email protected] (Henry) wrote in
news:1g1hrqm.prxhmvpz9c6iN%[email protected]:

    > Ha! This is funny, too. Some countries--the Netherlands is one I know
    > of--gave their people 'sample packs' of the new coins shortly before
    > the changeover.

I thought all countries did that.

    > Finland 'issued' the one and two cent coins, yes, but
    > only as part of its 'sample pack

That's what I thought too.

    >--which it _sold_ to the public FOR
    > MORE THAN THE VALUE OF THE COINS IN THE PACK!!!

Are you sure about that? AFAIK the so-called "starter packs" were sold at
face value everywhere.

    > In general, the Finnish one and two cent coins are not available
    > anywhere, even from the Bank of Finland. Quoting from their website

Therefore the few Finnish 1 & 2ct coins issued in the "starter packs" now
have collectors value.

Regards

--
Klänge
Für Millionen
Ãœberwinden
Die Distanzen
 
Old Sep 18th 2003, 2:42 am
  #45  
Henry
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Default Re: What's the equivalent of a Euro "cent"?

Gernot Egger <[email protected]> wrote:

    > "Henry" <[email protected]> schrieb im Newsbeitrag
    > news:1g1hq71.1g6evt7104clitN%[email protected]...
    > > Gernot Egger <[email protected]> wrote:
    > >
    > > > You won't be successful in spending the small coins in .fi but I think
    > they
    > > > are still legal tender.
    > >
    > > Erm...'legal tender' _means_ that you can spend them.
    >
    > No, it es legal technical term. And I am right, 1 and 2 cent-coins are legal
    > tender in Finland by EU law!
    >
    > Sorry.

Care to provide a citation?

cheers,

Henry
 


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