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 Replies: 6 / Views: 1,592 |
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Pillar of the Community
United Kingdom
1077 Posts |
In addition to Slovakia switching to Euros, I believe Turkmenistan are due to reform their coins in January, possibly due to inflation.
Does anyone know of any other changes that are imminent, apart from new designs?
I was thinking just as far ahead as 2009 as I know there are a bunch more switching to Euros in 2010.
Thanks,
Lee
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Pillar of the Community
Germany
1238 Posts |
Turkey drops the word "yeni", so the current New Lira and New Kurus coins will be replaced by lira and kurus coins on 1-Jan. Not a big change, but may count more than a mere design change.  Yes, Slovakia will start using the euro in seven weeks. But I doubt any countries will join the currency union in 2010. The other ERM-II countries either plan a referendum for 2011 or so (DK) or do not meet the convergence criteria at this stage (EE, LT, LV). And these three are not very likely to meet them by the mid-2009 evaluation. Christian Edited by chrisild
11/12/2008 1:13 pm
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Pillar of the Community
 United Kingdom
1077 Posts |
Hi Christian,
Yeah, I knew about the Turkey change. Personally I don't count that as significant enough for my criteria. No different than when the UK dropped the "New" in 1982.
What about Hungary, Bulgaria and the Czech Republic? Do they switch in 2010? Are they the other ERM-II countries you mention?
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Pillar of the Community
Germany
1238 Posts |
No, the ERM-II countries are Slovakia plus the four that I listed - Denmark, Estonia, Lithuania, and Latvia. Now the three that you mentioned (HU, BG, CZ) are not in that Exchange Rate Mechanism. Even if they all joined the ERM on New Year's Day - which is absolutely not a realistic scenario - they could not introduce the euro before 1-Jan-2011.
My personal wild guess is, Hungary ... between 2012 and 2015, Bulgaria maybe 2012-13. The Czech Republic is a little different since the government is not exactly keen on introducing the euro. But if they don't want to, so what ...
Christian
Edited by chrisild
11/12/2008 4:25 pm
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Moderator
 Australia
16850 Posts |
Quote:
Yeah, I knew about the Turkey change. Personally I don't count that as significant enough for my criteria. No different than when the UK dropped the "New" in 1982. Actually, Turkey is planning on completely changing the designs of the coins. Forum member RenaL has blogged the new designs here. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United Kingdom
1077 Posts |
Sure, but it's still essentially the same coinage. Not reformed. The criteria I personally use for a "new" coinage is either a political change (country name changes for example) the coinage changes (from sterling to decimal for example) the coinage is revalued, or has a complete overhaul (e.g. lire to euros)
A wholesale design change but with the same currency values, for example Netherlands 1982, while interesting and I may pick up one or two of the new coins, doesn't make it a must have by my criteria. I guess it comes down to having to draw the line somewhere. But I see what you are saying. It is a bit more than just dropping the word new, but not different than changing the designs, such as the UK did this year.
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Valued Member
Italy
244 Posts |
about new euro countries, just my feeling related to what happened in the past, I think some countries may join in 2010, and Hungary is also my favorite or the most possible, while I don't think Bulgaria will be one of the next, its economy is too far to some standard, so my prevision is Hungaria plus some countries like Latvia or Estonia.
Wait just a dozen of months and we will see ... keep in touch
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Replies: 6 / Views: 1,592 |
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Posted 11/12/2008 1:51 pm
