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Apr 29, 2024 · euro, monetary unit and currency of the European Union (EU). It was introduced as a noncash monetary unit in 1999, and currency notes and coins appeared in participating countries on January 1, 2002. After February 28, 2002, the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender.
The single currency: Denominations; Subunit 1 ⁄ 100: euro cent (Name varies by language) Plural euro cent (Varies by language) Symbol euro cent: c: Banknotes Freq. used: €5, €10, €20, €50, €100, €200 Rarely used: €500: Coins Freq. used: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2 Rarely used
- EUR (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}978)
- Varies, see language and the euro
The European Central Bank (ECB) is the central bank of the European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
History and purpose. A brief history of the reasons behind the creation of the euro, and the steps leading to the single monetary system. Design. The meaning of the euro (€) symbol and rules around its usage. Exchanging national currency. How, when and where to exchange old national currency into euro. Share this page. More share options.
Why a common currency. An economic and monetary union (EMU) was a recurring ambition for the European Union from the late 1960s onwards. EMU involves coordinating economic and fiscal policies, a common monetary policy, and a common currency, the euro. A single currency offers many advantages: it makes it easier for companies to conduct cross ...
Benefits worldwide. The scale of the single currency and the size of the euro zone also bring new opportunities in the global economy. A single currency makes the euro zone a more attractive region for non-EU countries to do business with, thus promoting trade and investment.
The euro is the currency of 20 EU Member States. Denmark has ‘opt-out’ clauses in the Treaty exempting him from participation, while the remainder have yet to meet the conditions for adopting the single currency. Euro coins and notes. Euro banknotes. Exchanging national cash. Copyright and reproduction rules of euro coins and notes.
