The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents. [6] [7]

Jan 16, 2025 · euro, monetary unit and currency of the European Union (EU). It was introduced as a noncash monetary unit in 1999, and currency notes and coins appeared in participating countries on January 1, 2002. After February 28, 2002, the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender.

The euro brings us all together. The euro unites us – it’s used by about 350 million people across 20 European Union countries. The euro is a beacon of stability and a symbol of European unity. It’s also one of the most trusted currencies in the world. Here at the European Central Bank, we work to safeguard its value.

From economic stability to integrated financial markets, the euro is a tangible sign of European identity. Find out more about its benefits. The euro is the official currency of 20 European Union countries which comprise the Eurozone. Read more here.

4 days ago · Since the euro came into existence in 1999, the currency has traded at equal value to the US dollar only a handful of times. The last instance was in 2022, after Russia’s full-scale invasion of ...

The euro is the official currency of 20 European Union countries which collectively make up the euro area, also known as the eurozone. Some EU countries have yet to meet the criteria required to join the euro area while Denmark has opted not to participate.

3 days ago · The euro is the most tangible element of European integration. Launched in 1999 as an account currency, the euro started circulating as banknotes and coins on 1 January 2002. Today, it is the official currency of 20 EU countries, which together form the euro area. The euro is the official currency ...

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.

A brief history of the steps leading to the euro’s launch in 1999 and the reasons behind its creation.