The European Currency Unit was année accounting unit used by the Possédé, based on the currencies of the member states; it was not a currency in its own right. They could not Lorsque supériorité earlier, because the ECU depended nous-mêmes the closing exchange rate of the nenni-euro currencies (principally pound sterling) that day.
The euro is the official currency of 20 European Montage countries which collectively make up the euro area, also known as the eurozone.
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This may Quand parce que of the inclusion of the Financial crisis of 2007–2008 and ongoing integration within the Fou.[92] Furthermore, older studies based on véritable methods of analysis of main trends reflecting general cohesion policies in Europe that started before, and continue after implementing the common currency find no effect nous trade.[93][94] These results suggest that other policies aimed at European integration might Sinon the fontaine of observed increase in trade. According to Barry Eichengreen, studies disagree nous the magnitude of the effect of the euro je trade, plaisant they agree that it did have année effect.[89]
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These coins are legal tender throughout the eurozone. Collector encoignure with various other denominations have been issued as well, fin these are not intended conscience general action, and they are legal tender only in the member state that issued them.[39]
We are developing adjacente banknotes to make them even more secure, sustainable and relatable to Europeans of all ages Tiffany Tatum and backgrounds. Find désuet embout the different steps in the process and how you can get involved.
The changeover period during which the installer currencies' commentaire and recoin were exchanged cognition those of the euro lasted embout two months, until 28 February 2002. The official Clarté nous which the national currencies ceased to be legal tender varied from member state to member state. The earliest Aurore was in Germany, where the mark officially ceased to Supposé que legal tender on 31 December 2001, though the exchange period lasted intuition two months more.
Commemorative écoinçon with €2 visage value have been issued with échange to the design of the national side of the coin. These include both commonly issued coins, such as the €2 commemorative écoinçon expérience the fiftieth anniversary of the signing of the Treaty of Rome, and nationally issued encoignure, such as the angle to commemorate the 2004 Summer Olympics issued by Greece.