Search results
The euro is the sole currency of 20 EU member states: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia
An economic and monetary union (EMU) was a recurring ambition for the European Union from the late 1960s onwards. EMU involves coordinating economic and fiscal policies, a common monetary policy, and a common currency, the euro. A single currency offers many advantages: it makes it easier for companies to conduct cross-border trade, the economy ...
How, when and where to exchange old national currency into euro. Discover the history of the euro, countries using the euro, how the European Central Bank manages the euro, euro use outside the EU and euro design.
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.
Although all EU countries are part of the Economic and Monetary Union (EMU), 20 of them have replaced their national currencies with the single currency – the euro. These EU countries form the euro area, also known as the eurozone.
On 1 January 1999, 11 EU countries fixed their exchange rates, agreed to follow a single monetary policy entrusted to the European Central Bank, and launched their new common currency on world financial markets. Today, around 347 million citizens in 20 countries live in the euro area.
The euro is the currency of 20 EU Member States. Denmark has ‘opt-out’ clauses in the Treaty exempting him from participation, while the remainder have yet to meet the conditions for adopting the single currency.
