Currency: euro (EUR); Luxembourg franc (LUF) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Currency code: EUR; LUF
Exchange rates: euros per US dollar - 1.1324 (January 2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999); Luxembourg francs per US dollar - 34.77 (January 1999), 36.299 (1998), 35.774 (1997)
Fiscal year: calendar year
Communications Luxembourg
Telephones - main lines in use: 314,700 (1999)
Telephones - mobile cellular: 215,741 (2000)
Telephone system: general assessment: highly developed, completely automated and efficient system, mainly buried cables domestic: nationwide cellular telephone system; buried cable international: 3 channels leased on TAT-6 coaxial submarine cable (Europe to North America)
Radio broadcast stations: AM 2, FM 9, shortwave 2 (1999)
Radios: 285,000 (1997)