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Reader feedback: Good or bad for Slovakia?
(From The Slovak Spectator)
Re: Reader feedback: Just a media stunt, March 27 - April 02, 2006, Volume 12, Number 12 I dont know whether it is good for Slovakia or not, but since it is a forgone conclusion that the euro will be adopted, Slovaks in general should start being vigilant about their purchasing power.
Be it Lidl, Tesco, or a government office, they all have a strategy for when the euro arrives.
At the Dutch postal services, for example, the cost of a standard local letter was 65 guilder cents about half a year before euro introduction, which then increased to 85 guilder cents.
After the euro, though, this 85 cents was converted perfectly in line with government and European Union policy to 39 euro cents.
Rounding up to 40 euro cents wouldve been more logical, but the real conversion price was 38.
57138 euro cents, which meant an immediate "conversion inflation" of more than 1 percent.
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