Euro coins.Why don t they make paper Euros of one and only use coins.?

Question

One Euro costs 1,3 Dollars and it is a coin.Don t they understand that this leads you to spent more money;Or is it what they want.;

Answer 1

Coins are harder to counterfeit and last decades if not centuries, which makes them cheaper to make because they don't have to be replaced as often.

Answer 2

The reason the Euro costs 1.3 USD has nothing to do with whether the currency is made of metal or paper. It has to do with foreign bank rates, currency exchange rates, a bit of politics, and popularity. In the simplest explanation, the 1 Euro, has 30 % more in assorted tangent assets backing it up, than the US Dollar.

No... it does not cost more to buy an object with Euros, than it does with dollars. If you want a used car, which is being sold in the United States for $1,300, and you buy it, you have a $1,300 car. But lets say, a person from Portugal, is selling the same car, and wants 1,000 Euro, well... your getting the same damn car, its still worth $1,300 US $. To say it cost more is like saying 20 nickles are worth more than 4 quarters.

And in response to Frank, the United States is not, has not, and will not, pull the U.S. dollar bill from circulation. The United States has never demonitized its currency, we must remember that the BEP is the largest printer in the world. But his statement of policy is not wrong, its just that the nation following that policy is not the United States, it is in fact Canada, and to some extent the United Kingdom, both of which have replaced the paper Canadian Dollar, and/or the British Pound with coins. How do I know that the United States is not following suit? I just reached into my pocket and pulled bank notes of almost every denomination dated 2006.

Answer 3

You are aware the United States of America is making $1.00 USD coins since 2001 and is exchanging them for used $1.00 bills until paper bills are out of circulation, right?

Once every $1.00 bill is out of circulation they will make a $2.00 coin and so on.

Once all the paper bills are out of circulation they will take all the coins out of circulation starting with the $100.00 USD coin first and so on.

This is a long term plan and it will take several decades to complete.

You can read more on the Bureau of Engraving and Printing which of course will disappear in a few years.

The United States Mint will remain for more decades.