The Introduciton of the Euro and the Rounding of Currency Amounts

Rounding of currency amounts is a widespread phenomenon in currency matters. Even if a non-currency environment rounding is often unavoidable, e.g. in the calculation of interests or fees. The purpose of the present document is to respond in a systematic manner to the various questions on rounding which the Commission services have received since the adoption of the Council regulation on certain provisions relating to the introduciton of the euro in June 1997.

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Year of publication:	1998
Institutions:	Directorate-General Economic and Financial Affairs, European Commission ; Directorate General II - Economic and Financial Affairs
Subject:	MONETARY AREAS \| ECONOMIC INTEGRATION

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Series:	Commission of the EEC - Euro Papers.
Type of publication:	Book / Working Paper
Notes:	37 pages
Classification:	F15 - Economic Integration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005640892