There, I’ve done the deed! I have spent my lire, converted my remaining Belgian francs, and paid my last Deutschemarks into my bank account. My last pfennigs, pesetas and shillings have been dropped into a charity collection box, to be squashed, melted down and recycled as some other currency.
The arrival of February 28 marks the last of the legacy currencies passing into the history books. The Dutch were quickest off the mark, consigning the guilder into the archives as early as January 27. From midnight on Thursday, only the euro will be legal tender in euroland.
I made a mini-ceremony of paying my last remaining DM banknotes into my bank account. But for the most part, the psychological wrench of the Last Day has been much lower than one might have expected only a few weeks ago, and for most people the final days of their national currencies are passing as a non-event.
That is largely due to the way in which the transition was handled. It was smooth on the nerves, people had several weeks to get rid of their remaining old cash, and the new notes and coins very quickly became part of people’s lives within a matter of days.
In fact, many of the smaller retailers in Frankfurt and Berlin were already loath to accept Deutschemarks a month ago - so much for nostalgic DM-hoarding.
Let’s face it, by Week One, most of us had spent the old cash we’d still had in our pockets on New Year’s eve. By Week Two, shopping in euros was no longer a wild and wonderful adventure. And by Week Five or Six, if not before, we were getting used to the new coins and euro prices, and any supplies of the old legacy currencies in our wallets were just getting in the way of the new, real money.
The bigger psychological turning points, it turns out, were the days the "starter kits" of coins were released to 300m excited eurozone citizens, and of course E-Day, which saw giggling people all over the 12 states handing the new notes, entranced by the holiday feeling the strange money gave them.
Leaving us now with perhaps a little nostalgia for the drachmas, DMs, and escudos, but not nearly the great sense of history we might have expected.
Which is perhaps the ultimate proof that the euro has gained acceptance.
Bettina.Wassener@ft.com
This is the latest in a series of diaries by our eurozone correspondents
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