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). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by March 2002 it ...
- Euro Sign
The euro sign, €, is the currency sign used for the euro,...
- Euro Banknotes
Banknotes of the euro, the currency of the euro area and...
- Euro Coins
There are eight euro coin denominations, ranging from one...
- Euro Sign
A currency is a medium of exchange, such as money, banknotes, and coins. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone  when they meet the five convergence criteria. 
- Modern currencies
- Alternative currencies
- Currency convertibility
A currency, in the most specific sense is money in any form when in use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition sees a currency as a system of money in common use, especially for people in a given country. Under this definition, U.S. dollars, euros, Japanese yen, and pounds sterling exemplify currencies. Such various currencies are recognized as stores of value and are traded between countries in foreign-exchange markets, whic
Originally money was a form of receipt, representing grain stored in temple granaries in Sumer in ancient Mesopotamia and in Ancient Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the form of commodities. This formed the basis of
These[clarification needed] factors led to the metal itself being the store of value: first silver, then both silver and gold, and at one point also bronze. Now we have copper coins and other non-precious metals as coins. Metals were mined, weighed, and stamped into coins. This w
In premodern China, the need for credit and for a medium of exchange that was less physically cumbersome than large numbers of copper coins led to the introduction of paper money, i.e. banknotes. Their introduction was a gradual process that lasted from the late Tang dynasty into
The currency used is based on the concept of lex monetae; that a sovereign state decides which currency it shall use. The International Organization for Standardization has introduced a system of three-letter codes to denote currency, in order to remove the confusion arising because there are dozens of currencies called the dollar and several called the franc. Even the "pound" is used in nearly a dozen different countries; most of these are tied to the pound sterling, while the remainder has var
Distinct from centrally controlled government-issued currencies, private decentralized trust networks support alternative currencies such as Bitcoin, Ethereum, Litecoin, Monero, Peercoin or Dogecoin, which are classified as cryptocurrency since the transfer of value is assured through cryptographic signatures validated by all users. There are also branded currencies, for example 'obligation' based stores of value, such as quasi-regulated BarterCard, Loyalty Points or Game-Credits that are based
Subject to variation around the world, local currency can be converted to another currency or vice versa with or without central bank/government intervention. Such conversions take place in the foreign exchange market. Based on the above restrictions or free and readily conversion features, currencies are classified as: 1. Fully convertible When there are no restrictions or limitations on the amount of currency that can be traded on the international market, and the government does not artificia
The euro thus became the successor to the European Currency Unit (ECU). The notes and coins for the old currencies, however, continued to be used as legal tender until new notes and coins were introduced on 1 January 2002 (having been distributed in small amounts in the previous December). Beginning on 1 January 1999, all bonds and other forms ...
The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark bound to adopt it.
The United Kingdom entered the European Exchange Rate Mechanism (ERM), a prerequisite for adopting the euro, in October 1990. The UK spent over £6 billion trying to keep its currency, the pound sterling, within the narrow limits prescribed by ERM, but was forced to exit the programme within two years after the pound sterling came under major pressure from currency speculators.
Eurocurrency is currency held on deposit outside its home market, i.e., held in banks located outside of the country which issues the currency. For example, a US dollar denominated deposit in a Singapore bank is Eurocurrency, or more specifically Eurodollar deposit. The Euro-prefix can be applied to any combination of deposits and financial ...
1 January 1999 onwards – 100 CFA franc = 0.152449 euro or 1 euro = 655.957 CFA franc. (1 January 1999: euro replaced FRF at the rate of 6.55957 FRF for 1 euro) The 1960 and 1999 events were merely changes in the currency in use in France: the relative value of the CFA franc versus the French franc/euro changed only in 1948 and 1994.
Current exchange rate EURO (EUR) to US DOLLAR (USD) including currency converter, buying & selling rate and historical conversion chart.