A realignment of currency exchange rates was proposed. Eventually, dollar became the name of the official American currency. The U.S. dollar is the "de facto" world currency. Venezuela also dismantled CADIVI, a government body in charge of currency exchange. Foreign owners of local currency and debt also lose money. It allows trading between USD currency and bitcoin cryptocurrency. Inflation is related to the value of currency itself. This is valid for transfers in the euro currency. Italy introduced the common European currency, the Euro in 2002. France introduced the common European currency, the Euro in 2002. Germany introduced the common European currency, the Euro, in 2002. The official currency of Ceuta is the euro. It replaced the old Spanish peso currency. This was minted for use as currency money. This was applied irrespective of their banking in pre-war Nigerian currency or Biafran currency.