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Jun 21, 2023 · See “ International role of the euro ”, European Central Bank, Frankfurt am Main, June 2022. This box draws on and updates some of the data first discussed in BIS (2022), “London as a financial centre since Brexit: evidence from the 2022 BIS Triennial Survey”, BIS Bulletin, No 65.
This 20th annual review of the international role of the euro published by the European Central Bank presents an overview of developments in the use of the euro by non-euro area residents.
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The international status and usage of the euro has grown since its launch in 1999. When the euro formally replaced 12 currencies on 1 January 2002, it inherited their use in territories such as Montenegro and replaced minor currencies tied to pre-euro currencies, such as in Monaco.
The international role of the euro. Find out how the euro, the second most important currency in the world, is used outside the euro area.
REPORT on strengthening the international role of the euro. 12.3.2021 - ( 2020/2037 (INI)) Committee on Economic and Monetary Affairs. Rapporteur: Danuta Maria Hübner. PR_INI. Errata/Addenda. Select. Procedure : 2020/2037 (INI) Document stages in plenary. Document selected : A9-0043/2021. Texts tabled : A9-0043/2021. Debates : PV 24/03/2021 - 29.
In fact, the international importance of the single European currency is rising incrementally among a number of dimensions, and a ‘middle-euro’ scenario is emerging from the ‘quasi-status-quo’. The share of the euro in foreign exchange reserves is rising, as is its usage in international trade.
