If the new currency, the euro, doesn't work, there could be ramifications around the globe.
The only problem is shepherding the financial system through the transition from old to new currency.
That new currency, commercial ratings, will be rolled out by Nielsen Media Research later this month.
Germans have been hesitant to merge their sturdy, beloved deutsche mark into this untested new currency.
Countries that might need to conjure up a new currency quickly know who to call.
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But within four months the new currency will be up and running in 11 European countries.
Most Danes do not echo Britons' and Swedes' economic doubts about the new currency.
The country's new currency would depreciate, meaning Greece would struggle to repay its euro-denominated debts, he said.
The advent of the super-notes forced the US Treasury to print new currency twice in a decade.
Over the past several years, the U.S. Federal Reserve Bank printed trillions of dollars in new currency.
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Banks can offer deposit and checking accounts for the new currency, just as they do with any currency.
Having already lived through the downside, the only path to recovery will be to introduce a new currency.
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One or more weak members (Greece, Ireland, Portugal, perhaps Spain) might leave, presumably to devalue their new currency.
When Europe's new currency was launched in January 1999, virtually everybody predicted that it would rise against the dollar.
He noted that it usually takes about six months to develop a new currency with the necessary security features.
The new currency would be worth significantly less -- estimates put it at perhaps 50% -- than the euro.
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Last week the central bank's governor announced that a new currency, the Congolese franc, would be launched on June 30th.
Unrivalled until the euro, that is: the new currency should go a long way to uniting Europe's hitherto fragmented capital markets.
But the new currency's arrival and the approach of eastward expansion will put strategic issues back on the agenda soon enough.
"Information is the world's new currency, and high-profile data leaks have become much more of a driver of IT spending, " he says.
The complexity of the problems is determined by the number of "miners", to ensure there is not a flood of new currency.
For with said new currency then the Cypriot economy is free of the restrictions that being in the euro places upon it.
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According to the bank, an exit could cut average income by 55%, while any new currency would depreciate 65% against the euro.
The committee cited his pioneering work that made possible the euro, the new currency for Germany, France and nine other European nations.
Then, you can pick whatever parity you like for the new currency.
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Bank accounts would be converted from euros to new drachmas, and domestic debt and other contracts would change to the new currency.
He created a new currency and embarked upon a substantial tax-cutting program.
The real weaked to BRL1.61 mid-day Wednesday once the Finance Ministry said it will announce new currency measures at 18:30 local time.
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Eventually such an arrangement must surely break down, bringing a new currency system into being, just as Bretton Woods emerged in the 1940s.
Expectations that the Brazilian Finance Ministry would announce new currency measures to curb appreciation of its currency, the real, have not been met.
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