AW: Euro/Deutschmark

Cord Wiljes cord at wiljes.de
Mon Feb 3 03:17:53 CET 2003


Rob Klein wrote:

> For Cord: Didn't we answer all the Euro exchange questions 
> many months ago???
> I haven't seen any QUESTIONS regarding this off-topic topic, 
> since then. Was gibt???

Well, who ever said I was fast? ;-)

> I assume that Scrooge would want to exchange all paper money 
> and coins for the new money, as he is not in the business of 
> losing value.

In Germany at least he could have kept the old money because 
it will have its value without any time limit. He could not 
spend it, of course (at least not without exchanging it for 
new money first). But he would not have spent it anyway, wouldn't he?

Doesn't Scrooge already keep tons (and special pools) of 
foreign and possibly outdated money at his bin? 

Scrooge loses billions of value every day just by storing his 
money instead of having the money work for him. Or has Duckburg
had a deflation for decades? I believe Scrooge is not in business 
for value (i.e. spending power), but he just loves the money. 
So I would follow Sigvald's opinion and suppose Scrooge would 
cling to his old money.

He would have an additional problem with the Euro: The new coins have
a Nickel content which is much too high - so he could develop a
contact allergy. There is nothing better for your health than good
old gold dollars to dive in.

Cord  





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