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Am 16.12.01, Thomas R. Wier yscrifef:

> Quoting Padraic Brown <[log in to unmask]>:
>
> > As for the DM, I think it's one of the Yugoslavian countries
> > that, essentially, uses it as their currency (kind of like
> > Ecuador and the US$).
>
> Actually, the official currency of Ecuador *is* the US dollar.
> Last year, they changed over from a 1-to-1 rate peg to full
> dollarization.  (Argentina's been thinking about doing the same
> thing for a couple years.) As for the former Yugoslavia, my
> impression is that they just have useless official currency,
> and so most of nonbartered trade occurs in German Marks (or
> to a lesser extent, US dollars).

Ah, well. Not quite the same, then. Apparently I heard wrong. Even so,
it will be interesting to see what happens to the euro as more
countries start using it in this unofficial (or even in official)
capacities.

Padraic.
--
Bethes gwaz vaz ha leal.