Raj, Mukund - EconWPA - 2003
competition from the Euro. The fiscal year 2002 has witnessed the depreciation of the US dollar against the Euro. · The … exchange. · Prior to the advent of the Euro, most of the intra-European trade had the US dollar on one side of their … transactions. Subsequent to the introduction of the single currency — Euro, all intra-European invoicing is being prepared in Euro …