18 Sept 2022, 14:52

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Elthize to switch to EMU on New Year's Day, Grimwald declares


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Grimwald made his first public appearance after a failed assassination attempt (image credit)

In an address to the nation in his first public appearance in two weeks, Grimwald announced that Elthize would switch to EMU on January 1st, 2023.

The announcement comes a week after Finance Minister Tobias Walters announced that Elthize had now met all the requirements needed to join the EMUzone.

The EMU, the acronym for European Monetary Unit, is a common currency authored by the Treaty of Finisterre in October 2020. The treaty was signed by seven countries: Spain, Inquista, Vayinaod, Fremet, Montenbourg, Leagio, and the United Dominions of Icholasen. On September 9th, Elthize became the eighth signatory country after getting unanimous approval from all other signatory states.

While Elthize will officially switch to EMU on January 1st, 2023, the currency has already seen widespread use in the country. On January 1st, 2021, Greenwich Grimwald announced that the currency would enter a "shared circulation status" alongside the florin. Since then, the EMU has been accepted in many places, from small shops to big box stores. In addition, some banks in the country have already started accepting the EMU alongside the florin as a domestic currency.

"I took this office eight years ago. Ever since then, my priority has been strengthening the connection between Elthize and the world. And we made significant progress this year. Elthize became a member of the European Union under my administration and now will use a currency that will become a worldwide standard in the coming years," President Grimwald stated while speaking to the crowd in the city of Forecoaster.

"We are future-proofing our systems, our institutions, our country, leaving the next generation a better Elthize. The EMU is a small part of this vision," he continued.

While Grimwald did not address the assassination attempt, audience members found him to be more energetic and confident than he usually is while giving speeches.

Grimwald's endeavours regarding the EMU are supported by the Elthic public: According to PIE's most recent reports, more than two-thirds of the Elthic public thinks positive of using the EMU as a currency.