The Euro is the official currency of the 17 of the 27 Member States of the Europen Union(EU).
The European Union is composed of 27 Sovereign Memeber States -
Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
The Name Euro was officially adopted on December 16, 1995.The euro was established by the 1992 Maastricht Treaty on European Union.The euro consists of 8 coins and 7 paper bills.The Frankfurt-based European Central Bank (ECB) manages the euro and sets interest rates and other monetary policies
The Euro was introduced to world financial markets as an accounting currency on January 01, 1999, replacing the former European Currency Unit (ECU) - a basket of the currencies of the EU Member States at a ratio of 1:1.
Jan 04,1999,11 European Union (EU) nations (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain), representing some 290 million people, launched the currency in the hopes of increasing European integration and economic growth.
In January 2001,Greece after initially being excluded for failing to meet all the required conditions, adopted the euro and becomes the 12th member.
In 2004, 10 more countries joined the EU—-Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia.
Euro Coins and Banknotes entered circulation on January 01,2002 replacing the Austrian schilling, Belgian franc, Finnish markka, French franc, German mark, Italian lira, Irish punt, Luxembourg franc, Netherlands guilder, Portugal escudo and Spanish peseta. A number of territories and non-EU nations including Monaco and Vatican City also adopted the euro.
The European Union is composed of 27 Sovereign Memeber States -
Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.
The Name Euro was officially adopted on December 16, 1995.The euro was established by the 1992 Maastricht Treaty on European Union.The euro consists of 8 coins and 7 paper bills.The Frankfurt-based European Central Bank (ECB) manages the euro and sets interest rates and other monetary policies
The Euro was introduced to world financial markets as an accounting currency on January 01, 1999, replacing the former European Currency Unit (ECU) - a basket of the currencies of the EU Member States at a ratio of 1:1.
Jan 04,1999,11 European Union (EU) nations (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain), representing some 290 million people, launched the currency in the hopes of increasing European integration and economic growth.
In January 2001,Greece after initially being excluded for failing to meet all the required conditions, adopted the euro and becomes the 12th member.
In 2004, 10 more countries joined the EU—-Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia.
Euro Coins and Banknotes entered circulation on January 01,2002 replacing the Austrian schilling, Belgian franc, Finnish markka, French franc, German mark, Italian lira, Irish punt, Luxembourg franc, Netherlands guilder, Portugal escudo and Spanish peseta. A number of territories and non-EU nations including Monaco and Vatican City also adopted the euro.
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