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  1. 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. Four small states have been given a formal right to use the ...

  2. 4 days ago · The Non-EU countries Kosovo and Montenegro also use the euro, but without their own coins. In Central Europe, there are only a few countries with their own independent currency. In Denmark, payment is made with the Danish crown, but the crown is linked to the euro with a fixed exchange rate. One Euro corresponds to about 7.46 kroner.

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  4. Nov 23, 1998 · The European Union has Monetary Agreements with four small-sized European countries – Andorra, San Marino, Monaco and the Vatican. These countries are not part of the euro-area but are entitled to use the euro as their official currency and to grant legal tender status to euro banknotes and coins through the Monetary Agreements.

  5. Feb 11, 2024 · Feb 11, 2024 - 10:49 EST. The euro was conceived in Madrid in December 1995, as a way to put an end to the crisis of the exchange rate mechanism of the European Monetary System (EMS) that had begun in September 1992 with the pound sterling crisis. And it had a long gestation, until four years later when, on January 1, 1999, the currency ...

    • Ángel Ubide
  6. The euro coin series comprises eight different denominations: 1, 2, 5, 10, 20 and 50 cent, €1 and €2. The euro coins have a common side and a national side. The national side indicates the issuing country. The common sides of the coins were designed by Mr Luc Luycx of the Royal Belgian Mint. They show images of the European Union or of ...

  7. Feb 24, 2022 · 347 million: number of Europeans (in 20 euro area countries) who use the euro. 60: Number of countries, representing 175 million people, that have linked their own currency to the euro directly or indirectly. 1999: Launch of the euro as an electronic currency. 2002: Launch of the euro Banknotes and coins:

  8. Member countries using the euro. Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area. Euro area member countries. Non-euro area member countries. Member countries with an opt-out.

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