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Italy - New European currency put to the test

(3 Oct 1997) T/I: 10:59:47 Two Italian towns near Florence began a six-month experiment on Wednesday (1/10) designed to test the practical aspects of a change to a single European currency. The new money is to be accepted as payment for goods and services in the town, at a fixed exchange rate to the Lire. Fiesole Mayor, Alessandro Pesci said the experiment was a good opportunity for communities to take part. However reactions were mixed among shoppers. The real single european currency will be officially launched on January 1 1999. SHOWS: PONTASSIEVE, ITALY 1/10 WS valley of villages outside Florence; bank; interior people receiving cash; poster advertising euro; interior cashier; money; customer; money being counted by machine; cutomer receiving money; VS market place (500 years old); two stands selling clothes with poster showing exchange rate; Euros; money being distributed; Photoop two mayors with Mauro Perini; SOT Fiesole mayor Alessandro Pesci (in English) saying it's an opportunity for their communities to have a bottom-up process in European integration; gv market; SOT market trader Roberta (in Italian) answering question saying nobody is using Euros to buy, but that she is giving them change in Euros. Buyer receiving change in Euros; FIESOLE 1/10 WS restaurant; SOT restaurant Francesco Oliva (in English) saying customers are suprised and some are confused and that one woman asked him about the exchange and he explained it to her. Diners at table; 2.27 Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...