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The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s.
The new Treaty on European Union, which contained the provisions needed to implement the monetary union, was agreed at the European Council held at Maastricht, the Netherlands, in December 1991. After a decade of preparations, the euro was launched on 1 January 1999: for the first three years it was an ‘invisible’ currency, only used for ...
4 days ago · The euro was launched on January 1, 1999, replacing the precursor ecu at a 1:1 value. Until the circulation of currency notes and coins in 2002, the euro was used only by financial markets and certain businesses.
The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time).
The euro was launched on 1 January 1999, when it became the currency of more than 300 million people in Europe. For the first three years it was an invisible currency, only used for accounting purposes, e.g. in electronic payments.
On 1 January 1999, eleven European countries took a historical step forwards by entering Stage Three of Economic and Monetary Union. Thereby, the national currencies of these eleven countries became denominations of a single currency.
Nov 24, 2009 · 1999. The euro debuts. New Year's Day is the dawn of a new era in Europe, as 11 nations adopt a single currency, the euro.
