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1 Euro Cent Coin
The 1 euro coins, euro cent coin (€0.01) has a value of one hundredth of a euro and is composed of copper-covered steel. It is the lowest-value coin in the Eurozone, the next highest are the 2 euro cent coin, 2 and 5 euro cent coins. The coins of every Euro country have a common reverse and each has a country-specific (national) obverse. The coin has been used since 2002 and was not redesigned in 2007 as was the case with the higher-value coins. History The coin dates from 2001, when euro coins and euro banknotes, banknotes were introduced in the 12-member eurozone and its Eurozone#Use outside the Union, related territories. The common side was designed by Luc Luycx, a Belgium, Belgian artist who won a Europe-wide competition to design the new coins. The design of the 1- to 5-cent coins was intended to show the European Union's (EU) place in the world (relative to Africa and Asia), as opposed to the one- and two-euro coins showing the 15 states as one and the 10- to 50-cent co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |