Interesting TRIVIA? Know what a EuroDollar is? Hint: It is NOT another name for the Euro! Answer at bottom of post.
I have Dutch, German, Belgian, French, Austrian, and Italian money - not much, $300, but when I visit the countries again, what do I do? Go all the way to the National Bank or throw the money away?
When I withdrew money from EU-member ATM's, I thought I was putting sufficient faith in the Government's backing of their money. Guess not - I can no longer spend it or exchange it(without a journey to the central bank). From what I have read, in 12 years, the old currencies will no longer be exchangeable for Euros.
I wonder how this has been allowed? Maybe that is why U.S. money is so accepted throughout the world - no matter how old, mutilated, defaced, burned, or rotted; as long as there is ANY evidence that it is a unique and genuine Treasury Note, it will be honored and/or replaced at no charge. Every note ever minted by the Treasury Dept is always good.
source:
http://www.bep.treas.gov/section.cfm/8
http://www.bep.treas.gov/section.cfm/19
ANSWER? A EuroDollar is actually a U.S. Dollar! It also can be a Canadian dollar, Hong Kong dollar, or any country's dollar;
A Eurodollar is an official term, used by foreign traders since around 1960. Any dollar traded in a foreign country is called a EuroDollar. And a Euro that is traded outside the EU-member countries would be called a EuroEuro.