Euro Coins
The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU). Physical euro coins and banknotes entered into circulation on 1 January 2002.
The euro is the official currency of the European Union. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone. It is the second most traded currency in the foreign exchange market. The euro is subdivided into 100 cents.
Euro Coins
The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU). Physical euro coins and banknotes entered into circulation on 1 January 2002.
The euro is the official currency of the European Union. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone. It is the second most traded currency in the foreign exchange market. The euro is subdivided into 100 cents.