Euro mania

  • Friday, December 14, 2001 9:00pm
  • Business

Associated Press

PARIS — Europe’s new currency made its public debut Friday, when euro "starter kits" hit the streets in three countries, and citizens got their first chance to jiggle the coins before they become legal tender on New Year’s Day.

Lines formed outside banks, post offices and tobacco shops, where people picked up small plastic bags filled with Europe’s newly minted money — and emerged with mixed reviews.

"They all look the same," said Aldila Goncalves, who bought five packs of the shiny coins at a Champs-Elysees bank as Christmas gifts for her children. "I anticipate making a lot of mistakes."

After months of hype and publicity blitzes surrounding the euro’s launch, Friday marked the first time that citizens could actually handle the money, which will soon link cities from Portugal to Finland and Germany.

The kits, which contain all eight denominations of euro coins — including the highest, a 2-euro coin — were being sold in France and Ireland, and given away in the Netherlands.

"They’re beautiful," said Mika Subotic, at an Amsterdam department store. "I’m going to save them for my future grandchildren."

In France, there were immediate concerns that the 50 million kits distributed around the country would not meet demand.

The starter kits are being distributed two weeks ahead of the euro’s official launch to help people acquaint themselves with the new currency, which will become the legal tender for about 300 million Europeans.

Notes will not be available until Jan. 1, when the currency enters circulation — a move intended to keep counterfeiters from getting a head start in copying security features such as watermarks and holograms.

Euros will circulate alongside national currencies for a period of between one and two months, depending on the country. After that, French francs, German marks, Italian lira and other national currencies within the euro zone will become obsolete. Central banks will still exchange national currencies for several months afterward.

While some embraced the day as a historic moment for Europe, and others rolled their eyes at the monetary changeover, most people were clearly curious.

"It’s exciting," said Marc Russell-Jones, who bought his kit at a Paris post office while mailing Christmas cards. "It’s been intangible for so long. It’s nice to finally have it in your hands."

In Amsterdam, people thronged post offices, department stores, gas stations, supermarkets and photo shops to eagerly collect free sets of euro coins. The package contains eight coins and is worth a total of $3.50.

Nearly 15 million euro kits, paid for by the Dutch Finance Ministry, will be given to every citizen above 6 years old until Dec. 31. The freebie is costing Dutch taxpayers $50 million.

In France, the packets contain 40 coins worth about $14.

The front of each euro coin is common to all countries, showing the numerical value and a map of Europe. The other side varies according to each country, with specific national images.

As the coins vary, so does each country’s method of distributing their sampler kits.

Austria, Belgium, Italy, Luxembourg, Spain and Finland will begin distributing the kits today. Germany, Greece and Portugal will wait until Monday.

In the Irish capital, people formed confused, enthusiastic lines at Dublin’s main post office.

"The crowd was unbelievable," said Brian O’Connell, a security guard at the capital’s General Post Office, who joined the line to buy two packets.

Some anticipated a feeling of nostalgia for Ireland’s outgoing coins, which feature Celtic designs and are more distinctive in size and color than the euro coins.

"If you’d asked me yesterday if I’d miss our coins, I’d have said no," said Irishman Mike Morrissey, as he held a few euros in one palm and some Irish change in the other. "Now that I’ve felt the euro in the flesh, I’d say yes."

Copyright ©2001 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

A closing sign hangs above the entrance of the Big Lots at Evergreen and Madison on Monday, July 22, 2024, in Everett, Washington. (Ryan Berry / The Herald)
Big Lots announces it will shutter Everett and Lynnwood stores

The Marysville store will remain open for now. The retailer reported declining sales in the first quarter of the year.

George Montemor poses for a photo in front of his office in Lynnwood, Washington on Tuesday, July 30, 2024.  (Annie Barker / The Herald)
Despite high mortgage rates, Snohomish County home market still competitive

Snohomish County homes priced from $550K to $850K are pulling in multiple offers and selling quickly.

Henry M. Jackson High School’s robotic team, Jack in the Bot, shake hands at the 2024 Indiana Robotics Invitational.(Henry M. Jackson High School)
Mill Creek robotics team — Jack in the Bot — wins big

Henry M. Jackson High School students took first place at the Indiana Robotic Invitational for the second year in a row.

The computer science and robotics and artificial intelligence department faculty includes (left to right) faculty department head Allison Obourn; Dean Carey Schroyer; Ishaani Priyadarshini; ROBAI department head Sirine Maalej and Charlene Lugli. PHOTO: Arutyun Sargsyan / Edmonds College.
Edmonds College to offer 2 new four-year degree programs

The college is accepting applications for bachelor programs in computer science as well as robotics and artificial intelligence.

FILE — Boeing 737 MAX8 airplanes on the assembly line at the Boeing plant in Renton, Wash., on March 27, 2019. Boeing said on Wednesday, Feb. 21, 2024, that it was shaking up the leadership in its commercial airplanes unit after a harrowing incident last month during which a piece fell off a 737 Max 9 jet in flight. (Ruth Fremson/The New York Times)
Federal judge rejects Boeing’s guilty plea related to 737 Max crashes

The plea agreement included a fine of up to $487 million and three years of probation.

Neetha Hsu practices a command with Marley, left, and Andie Holsten practices with Oshie, right, during a puppy training class at The Everett Zoom Room in Everett, Washington on Wednesday, July 3, 2024. (Annie Barker / The Herald)
Tricks of the trade: New Everett dog training gym is a people-pleaser

Everett Zoom Room offers training for puppies, dogs and their owners: “We don’t train dogs, we train the people who love them.”

Andy Bronson/ The Herald 

Everett mayor Ray Stephenson looks over the city on Tuesday, Jan. 5, 2015 in Everett, Wa. Stephanson sees  Utah’s “housing first” model – dealing with homelessness first before tackling related issues – is one Everett and Snohomish County should adopt.

Local:issuesStephanson

Shot on: 1/5/16
Economic Alliance taps former Everett mayor as CEO

Ray Stephanson will serve as the interim leader of the Snohomish County group.

Molbak's Garden + Home in Woodinville, Washington will close on Jan. 28. (Photo courtesy of Molbak's)
After tumultuous year, Molbak’s is being demolished in Woodinville

The beloved garden store closed in January. And a fundraising initiative to revitalize the space fell short.

Everett Mayor Cassie Franklin, Advanced Manufacturing Skills Center executive director Larry Cluphf, Boeing Director of manufacturing and safety Cameron Myers, Edmonds College President Amit Singh, U.S. Rep. Rick Larsen, and Snohomish County Executive Dave Somers participate in a ribbon-cutting ceremony on Tuesday, July 2 celebrating the opening of a new fuselage training lab at Paine Field. Credit: Arutyun Sargsyan / Edmonds College
‘Magic happens’: Paine Field aerospace center dedicates new hands-on lab

Last month, Edmonds College officials cut the ribbon on a new training lab — a section of a 12-ton Boeing 767 tanker.

Gov. Jay Inslee presents CEO Fredrik Hellstrom with the Swedish flag during a grand opening ceremony for Sweden-based Echandia on Tuesday, July 30, 2024, in Marysville, Washington. (Ryan Berry / The Herald)
Swedish battery maker opens first U.S. facility in Marysville

Echandia’s marine battery systems power everything from tug boats to passenger and car ferries.

Helion Energy CEO and co-founder David Kirtley talks to Governor Jay Inslee about Trenta, Helion’s 6th fusion prototype, during a tour of their facility on Tuesday, July 9, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
State grants Everett-based Helion a fusion energy license

The permit allows Helion to use radioactive materials to operate the company’s fusion generator.

People walk past the new J.sweets storefront in Alderwood Mall on Thursday, July 25, 2024, in Lynnwood, Washington. (Olivia Vanni / The Herald)
New Japanese-style sweets shop to open in Lynnwood

J. Sweets, offering traditional Japanese and western style treats opens, could open by early August at the Alderwood mall.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.