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Clearing Up Euro Confusion Multilingual Web site aims to inform about new currency.(INTERNET & TECHNOLOGY)
Byline: ANTONIO A. PRADO
What would you do if the dollar were going to be replaced by another currency, and your trusted greenbacks would be no good within two months?
Making things more complicated, the new money would have a different value than what you're used to. It would be divided differently too.
That's what's happening to 300 million Europeans this week. As they rang in the new year, 12 national currencies gave way to the euro, a new continent-wide currency. (See related stories on A1 and A16.)
Though the euro has been around two years, it's been only an optional currency for noncash payments like credit cards and checks. The first euro cash came out New Year's Day.
By Feb. 28, stores won't accept German marks, French francs, Spanish pesetas or Italian lire. In the meantime, when you pay in local currency, merchants are supposed to give your change back in euros.
Sound like a recipe for chaos?
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