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By Monday, some six billion bank notes and 37 billion coins worth 144 billion euros ($127.5 billion) had been distributed in advance to banks, shops and businesses, or sold as starter kits of coins.The Deutschemark's simple exchange rate against the euro -- about two to one -- makes it easier for Germans to get used to the new money than the French, who must multiply by 6.56 to get the franc price, or the Austrians, who multiply by 13.76.In France, the cash launch will be complicated by planned strikes by banking and postal workers called for Wednesday.One Italian survey found bank and shopworkers were suffering headaches, insomnia and even loss of sex drive due the stress of the launch. Dermatologists have warned the high nickel content of the coins could cause skin irritations.The euro has also been dogged by concern about its depreciation in exchange markets since its 1999 introduction.
Wednesday, July 16, 2008
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