Language and the euro it is actually written on the euro notes in Greek as . Also, the spelling (resulting in a plural ) on the notes could have confused other Europeans, who might read it as a string of Latin letters: "eypo". A plural form "evra", as if from a regular declinable neuter noun in "-o", is sometimes used in a jocular way. For the cent, the terms used in Greece are , plural ("leptó", plural "leptá"), a name used for small denominations of various ancient and modern Greek currencies, including the drachma (which the euro replaced). The word means 'minute' (literally "thin"),
Currency board the Deutsche Mark from 1992 to 1999 when it switched to fixing to the Euro at par. The peg to the Euro was upheld until January 2011 with Estonia's adoption of the Euro. This policy is seen as a mainstay of that country's subsequent economic success (see Economy of Estonia for a detailed description of the Estonian currency board). Argentina abandoned its currency board in January 2002 after a severe recession. To some, this emphasised the fact that currency boards are not irrevocable, and hence may be abandoned in the face of speculation by foreign exchange traders. However, Argentina's system