This is a wrong conception, to think that third world countries are the poor ones. In reality, the countries of the first world were the Western ones, those of the second world were those of the communist bloc and those of the third world, the non-aligned countries, like Brazil. The fourth world, were the least developed countries. Obviously it was a US-centric view.
The 500 euro note was discontinued, because very few people used it and it was useful mainly for criminals in money laundering, tax evasion etc. I read that a few countries, for example Germany, liked the 500 euro because people there still like to use cash a lot also when paying large purchases, but for example here in the Nordic countries most purchases are done using debit or credit cards. Based on what I could find, cash is used in only about 5% of transactions in all the Nordic countries.
Giesecke & Devrient in Munich print money for about 60 countries! This is one of the most sophisticated printing company in the world. If you find your money looks similar to the Euro, it might got printed by them.
It's strange, because some of the conservatives would like to have the old German mark back, which was even stronger. Because the mark was worth about twice as much as the euro is worth. 2 euros = 4 marks. The current exchange rate for 1 euro to Brazilian real is 5.93. If I were in Brazil, I could probably shop and eat very cheaply.
Yeah, I have a few 0 euro bills with the Dutch royal family printed on them, but they're just that. They're cool, and they're technically money, but they are... 0 money. So you can't really buy things with them but you can trade them, based on how rare or in demand a certain design is these 0 euro bills will cost you a few euros to hundreds of euros to acquire.
For countries in the EU that still use their own currrencies it is not about meeting economic criteria - it is more like, they don't want euro. There are some countries outside of EU that use euro as their official currency (for example Montenegro) and nobody ask wheather they meet the criteria. Don't belive every video on youtube. I am from Poland - if only citizens of Poland wonted euro, we would have had it yars ago. Sicnce there is no political and social (civic) consensus on this issue, no Polish goverment (from the left or from the right) dares to itroduce euro to Poland.
No, that 500 bill was a joke. The real bill looked different but they took it out of circulation because of money laundering. It was too risky to accept that note if you didn't have a UV scanner to check it. Many didn't accept the bill because they had no UV scanner. The 2nd reason why it was taken out of circulation was to discourage people from using cash for large transactions. Even today it is illegal to pay a transaction over €3000,- in cash although most people don't know about this law. You can get fined for it. Not the one who pays in cash, but the one accepting it.
It was a nightmare in terms of transactions and travelling within the EU, as he stated in the video, not in terms of how the currencies worked for each country.
haha... O que você acha...? Se eu carimbar uma nota de cinco e escrever seu endereço na borda, ela chegará até você? Só que você tem a sensação de que tal nota...
Germanys Money was al looser of this Money Change. We had th D-Mark an this was the heaviest Money in Germany. 1000 Mark WAS MORE WORTH than today 2000 Euros.
Warum kapiert ihr das alle nicht? Der Euro war die perfekte Chance, die Alte DM soweit abzuwerten, dass die deutsche Wirtschaft wieder sehr konkurrenzfähig wurde. Das wäre wegen der bestehenden Verträge mit den anderen EU- Staaten im sog. Währungsverbund, überhaupt nicht möglich gewesen! Mit anderen Worten... Ohne die Euroeinführung, wäre der beginnende Wiederaufstieg der Wirtschaft ab 2006, nicht möglich gewesen. Das das gewöhnliche Volk, den Deckel dafür bezahlen würde, war jedem mit Ahnung, schon vorher vollkommen klar. Und so wie du hier gerechnet hast, kann man auch nicht rechnen. Das ist deine persönliche Wahrnehmung und sonst nichts...
To be fair, the combined coins (1 € and 2 €) with two different metals were inspired by Brazil. ( you came first) So a bit Brazil is in every European pocket. Your 1 real coin was issued in 1998 first Euro-Coin in 2002. It had the same weight (~7,5 g) like our 1 Euro-Coin and 1 real was illegal used in vendor machines in Europe. So in 2002 Brazil changed the weight to 7 g. Maybe it was a request from the European Central Bank.
Exchange rates were no nightmare, used any bank or credit card to pay and if you wanted cash you would go to any ATM in the country. Excellent example of EU rewriting history in it's own benefit.
It's way easier these days.. Way back most people didn't have credit cards or bank cards that were accepted around the world so we had to use traveller checks and cash those at banks. And then exchange those local currencies after each border crossing. And ATM:s? Naah.. only in dreams.
Sounds like you weren't around when this was actually a thing. Cards weren't international, and even didn't exist for a long time. Cash couldn't be obtained from ATM's either. Exchanged rates were a nightmare, as you did lose a lot of money each time you had to exchange currencies, and you often had to order them in advance.
You're a chatterbox... You have no idea about economic processes. A small example: a narrow profit margin in a highly competitive business area can very quickly become a loss-making business due to a sudden currency fluctuation. This has already driven companies to ruin! Where did you go to school that you weren't taught this in economics class...?
Every country having their own money was not a nightmare, but actually made traveling more interesting. Same with border control, it was cool to collect stamps to your passport.
Travel to another continent and you still get your stamps! Personally, I would be happy to do without border controls ala the "Iron Curtain". And I know exactly what I'm talking about...
@@virtueofhate1778 What nonsense are you talking about? I am an early Generation X European. I have traveled to other countries by car, train and plane all my life. Including behind the Iron Curtain! What do you think you can tell me, kid...?
@@melchiorvonsternberg844 Oh wow, you are such an unique snowflake, like seriously you must be the only gen-x European who has travelled to other countries. Please let me throw flower pedals on your feet...🤣
Different currencies were not really an issue, with a basic knowlege of math it was easy to multiply by 10 or 3 to understand what things costed. Now it's even easier since we don't really use cash, except for some backwards countries. I see little to no use of the Euro at this point of time, if anything we should adopt the US dollar
Give us our guilder back !!!!!!!!!!!!!! 23 years with this UGLY monoply money and the BIGGEST scam in history BIGGER SCAM that the SARS outbreak in 2019 GIVE US OUR MONEY BACK orrrrrrr we just take it back........
