Euro Midnight 1 Jan 1999: Launch of the virtual euro in 11 European countries. 2002: € notes & coins start to circulate, & 1st purchase using them was on the French island of Reunion in the Indian Ocean – to buy 1 kg of lychees. US$ – € exchange rate on 1 Jan 1999 was…
Tag: exchange
Exchange Most transactions now occur with no monetary exchange. Statistics only measure activities with money value, so these barter deals get omitted. Example: “Free” apps for smartphones. They aren’t really free; we get them in exchange for giving up personal data or accepting advertisements Guessed the Word? Series 41 (7/9) …
Nanosecond Getting data even nanoseconds faster generates huge profits. So physical location of cables & towers to transmit data is critical. Being closer, UK receives US data before Europe, through undersea fibre-optic cables. Light travels 30cm / nanosecond (billionth of a second). Straight cables transmit data fastest Guessed the Word? Series 41 (8/9) …