Business: Euro Dollar

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Business: Euro Dollar Gender: N/A
born on 31 December 1998 at 13:51 (= 1:51 PM )
Place Brussels, Belgium, 50n50, 4e20
Timezone MET h1e (is standard time)
Data source
Timed official source; 00:00:01 legal
Rodden Rating AA
Collector: Rodden
Astrology data s_su.18.gif s_capcol.18.gif 09°38' s_mo.18.gif s_gemcol.18.gif 18°08 Asc.s_taucol.18.gif 23°47'


Belgium-based start of the Euro financial currency, the solemn moment that the banks officially started to use the European dollar. It was celebrated as if it was a birthday party. At this time, the President of the European Commission, Mr. Jacques Santer and his Monetary Affairs Commissioner Mr. Yves Thibault de Silguy, pulled the curtain from the electronic scoreboard to reveal to EU finance ministers the rates. Within three-quarters of an hour they were fixed in stone, irrevocably, and the single currency was effectively born.

Roy Gillett (Considerations Jan/1999) gives the Euro as 1/01/1999, 00:00 MET Frankfurt-am-Main, as the birth chart "even though no official trading is possible yet." He continues that the First Trade Chart is 1/04/1999, 7:00 AM, Auckland, New Zealand which is 12 hours before the Frankfurt Exchange opens.

Marion March responds to Gillett's article (Considerations Mar/1999) by quoting an email from Tees Reisma, "The First Euro transaction took place on 1/01/1999 at 00:00:01 AM, Frankfurt, Germany when the vice president of VISA paid for a bottle of champagne in the bar with his card: shown on TV." Marion adds that "according to my information, the birth of the Euro should be cast for Brussels, Belgium, rather than Frankfurt."

Roy Gillett responded, "My information came from Reuters TV, who informed me that all trading prior to 4th January would be unofficial. He would not know until then how much he paid for his bottle of champagne! The official EU-rep of all participating countries, Austria's Minister of Finance, signed the contract that brought in the Euro common currency on 12/31/1998 at 13:15 MET, Brussels, Belgium."

Source Notes

Sander Little quotes news on the web (ACT) 6/2001


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