JOURNAL OF THE INSTITUTE OF BANKERS BANGLADESH-Vol 1, Published December-1997

Published Online: December 1st, 1997 || Published in Print: December 1st, 1997

Authors

  • A.K.N. Ahmed,Md. Asaduzzaman Khan,Dr. A. K. M. Waresul Karim,Md. Afjal Hossain,Jahangir Alam,Md. Liakat Hossain Moral,Md.Saidur Rahman

Abstract

The introduction of Euro has changed the financial market scenario of the world dramatically. Euro, a new single currency of the eleven countries came into circulation from 1st January, 1999 presently for external trade only but will gradually sweep away the national currency. Euro has already been established as a strong and stable international currency to fight the dominance of US Dollar in the international trade as this currency represents a strong economic region of the world i.e. Europe. Realizing the necessity and demonstration of their determination to establish Euro as a strong and stable currency to fight and coexist with the Dollar, eleven member countries of the European Union (EU) have formed a monetary union called European Monetary Union (EMU).

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Published

1997-12-01

Issue

Volume 46

Section

Articles