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- Within the euro area, the euro is the only legal tender. In the absence of a specific agreement concerning the means of payment, creditors are obliged to accept payment in euros. Parties may also agree to transactions using other official foreign currencies (e.g. the US dollar).
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Within the euro area, the euro is the only legal tender. In the absence of a specific agreement concerning the means of payment, creditors are obliged to accept payment in euros. Parties may also agree to transactions using other official foreign currencies (e.g. the US dollar).
The euro ( symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents. [6] [7]
- EUR (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}978)
- Varies, see language and the euro
Mar 6, 2024 · After February 28, 2002, the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender. Other states subsequently adopted the currency. The euro is represented by the symbol €.
Today, euro banknotes and coins are legal tender in 20 of the 27 Member States of the European Union, including the overseas departments, territories and islands which are either part of, or associated with, euro area countries. These countries form the euro area.
The euro - Europe’s common currency. Legal certainty, especially for individuals and companies, is absolutely essential when an EU country replaces its national currency with the euro. These two pieces of legislation ensure that certainty to provide a smooth changeover.
The euro as legal tender. Official currency. The euro is the single currency shared by European Union countries that have adopted the euro. While Denmark does not participate through an 'opt out', other EU countries have not adopted the euro yet because the convergence criteria to join the euro are not met.
… Institutions, law, budget. The Euro. History and purpose. 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.
