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During the introduction of the Euro (the currency of the Eurozone) in January 1999, prices expressed in the domestic currency of each country were converted
During the introduction of the Euro (the currency of the Eurozone) in January 1999, prices
expressed in the domestic currency of each country were converted to the Euro according to a predetermined conversion rate. For example, in Germany, 1.955 Deutsche Marks (Germany's
currency back then) were exchanged for 1 Euro. There was a debate about whether these conversions will affect inflation in the Eurozone. explain the effect on inflation.
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