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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 euro is the monetary unit and currency of the European Union, represented by the symbol €. It began as a noncash monetary unit in 1999 before being issued as currency notes and coins in 2002. The euro replaced the national currencies of participating EU states and some non-EU states.
Jun 8, 2022 · Key Takeaways. The euro is the official currency of the European Union (EU), adopted by 19 of the EU's 27 member nations. It is the world's second most widely held and traded currency after the U ...
