With the euro, market players now have an alternative currency which may become a serious competitor to the US dollar. Any currency, especially a new one, will only establish itself internationally - that is to say, outside its own currency area - if it provides its users with specific advantages over other currencies.
In respect of the State Governments, in the absence of budgetary data on salary expenditure, the impact of FPC can be ascertained from its proxy taken as the non-plan revenue expenditure in social, economic and administrative services.