Table: Out with the Old

TIME PERIOD LAST DAY COM- THAT CENTRAL END OF MERCIAL BANKS BANKS WILL ONE EURO LEGAL TENDER OF WILL EXCHANGE EXCHANGE LEGACY COSTS LEGACY CURRENCY LEGACY CURRENCY CURRENCY NOTES

AUSTRIA 3.7603 Feb. 28, 2002 Up to individual Unlimited schillings bank

BELGIUM 40.3399 Feb. 28, 2002 Dec. 31, 2002 Unlimited francs

FINLAND 5.94573 Feb. 28, 2002 Up to individual 10 years markkas bank

FRANCE 6.55957 Feb. 17, 2002 June 30, 2002 10 years francs

GERMANY 1.95583 Dec. 31, 2001 Feb. 28, 2002 Unlimited marks

GREECE 340.75 Feb. 28, 2002 Up to individuaL 10 years drachmas bank

IRELAND 0.787564 Feb. 9, 2002 Up to individual Unlimited pounds bank

ITALY 1936.27 Feb. 28, 2002 Under considera- 10 years lira tion

LUXEMBOURG 40.3399 Feb. 28, 2002 June 30, 2002 Unlimited francs

NETHERLANDS 2.20371 Jan. 27, 2002 Dec. 31, 2002 30 years guilders

PORTUGAL 200.483 Feb. 28, 2002 June 30, 2002 20 years escudos

SPAIN 166.386 Feb. 28, 2002 June 30, 2002 Unlimited pesetas

Data: Various central banks

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