
<ARTICLE ID="XACC-EURO">
<ARTHEADER>
<TITLE>GnuCash and the EURO</TITLE>
</ARTHEADER>
<sect1>
<TITLE>Introduction</TITLE>
<PARA>On January 1, 1999, eleven European Union countries formed
    an economic and monetary union (EMU) and started using a single
    currency - the euro. These countries locked the exchange rates
    of their national currencies to the euro and are sharing the
    new currency.
    However, euro notes and coins will not be available until
    January 1, 2001. Until then, the old national currency notes
    and coins (French francs, Deutschmarks, etc.) will continue to
    circulate. But legally, they are part of the euro. Their value in
    euro is completely fixed. All kinds of cashless monetary
    transactions like cheques or wire transfers are possible in
    euro.
    You can find more information about the euro at: 
    <ULINK URL="http://europa.eu.int/euro">http://europa.eu.int/euro</ULINK> .

    </PARA>
</sect1>
<sect1>
<TITLE>EMU Member Countries and Exchange Rates</TITLE>
<PARA>    <ANCHOR ID="EUROISOCURR"> 
    The following table shows the EMU member countries and the
    respective exchange rates of the euro to the old national
    currencies. More countries are expected to join the EMU
    later.

    <TABLE>
<TITLE>EMU Exchange Rates</TITLE>
<TGROUP COLS="4">
<THEAD>
<ROW>
<ENTRY>Country</ENTRY>
<ENTRY>ISO Code</ENTRY>
<ENTRY>Full Description</ENTRY>
<ENTRY>Exchange Rate</ENTRY>
</ROW>
</THEAD>
<TBODY>
<ROW>
<ENTRY>        </ENTRY>
</ROW>
<ROW>
<ENTRY>Austria</ENTRY>
<ENTRY>ATS</ENTRY>
<ENTRY>Austrian Schilling</ENTRY>
<ENTRY>1 euro = 13.7603 S</ENTRY>
</ROW>
<ROW>
<ENTRY>Belgium</ENTRY>
<ENTRY>BEF</ENTRY>
<ENTRY>Belgian Franc</ENTRY>
<ENTRY>1 euro = 40.3399 bfrs</ENTRY>
</ROW>
<ROW>
<ENTRY>Finland</ENTRY>
<ENTRY>FIM</ENTRY>
<ENTRY>Finnish Mark</ENTRY>
<ENTRY>1 euro = 5.94573 Fmk</ENTRY>
</ROW>
<ROW>
<ENTRY>France</ENTRY>
<ENTRY>FRF</ENTRY>
<ENTRY>French Franc</ENTRY>
<ENTRY>1 euro = 6.55957 FF</ENTRY>
</ROW>
<ROW>
<ENTRY>Germany</ENTRY>
<ENTRY>DEM</ENTRY>
<ENTRY>German Mark</ENTRY>
<ENTRY>1 euro = 1.95538 DM</ENTRY>
</ROW>
<ROW>
<ENTRY>Ireland</ENTRY>
<ENTRY>IEP</ENTRY>
<ENTRY>Irish Pound</ENTRY>
<ENTRY>1 euro = 0.787564 Ir. &pound;</ENTRY>
</ROW>
<ROW>
<ENTRY>Italy</ENTRY>
<ENTRY>ITL</ENTRY>
<ENTRY>Italian Lira</ENTRY>
<ENTRY>1 euro = 1936.27 Lit</ENTRY>
</ROW>
<ROW>
<ENTRY>Luxembourg</ENTRY>
<ENTRY>LUF</ENTRY>
<ENTRY>Luxembourgian Franc</ENTRY>
<ENTRY>1 euro = 40.3399 lfrs</ENTRY>
</ROW>
<ROW>
<ENTRY>Netherlands</ENTRY>
<ENTRY>NLG</ENTRY>
<ENTRY>Dutch Guilder</ENTRY>
<ENTRY>1 euro = 2.20371 hfl</ENTRY>
</ROW>
<ROW>
<ENTRY>Portugal</ENTRY>
<ENTRY>PTE</ENTRY>
<ENTRY>Portuguese Escudo</ENTRY>
<ENTRY>1 euro = 200.482 Esc</ENTRY>
</ROW>
<ROW>
<ENTRY>Spain</ENTRY>
<ENTRY>ESP</ENTRY>
<ENTRY>Spanish Peseta</ENTRY>
<ENTRY>1 euro = 166.386 Ptas</ENTRY>
</ROW>
</TBODY>
</TGROUP>
</TABLE>

    </PARA>
</sect1>
<sect1>
<TITLE>EURO support in GnuCash</TITLE>
<PARA>You can enable euro support in GnuCash in the international
    category of the <LINK LINKEND="XACC-PREFERENCES">preferences</LINK>
    dialog box. If your system locale specifies one of the 
    <LINK LINKEND="EUROISOCURR">EMU member currencies</LINK>, euro support is
    enabled by default.

    </PARA>
<PARA>FIXME: Actual documentation with screenshots and so on

</PARA>
</sect1>
</ARTICLE>

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