|
Euros
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, 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 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Language And The Euro
Several linguistics, linguistic issues have arisen in relation to the spelling of the words ''euro'' and ''Cent (currency), cent'' in the many languages of the member states of the European Union, as well as in relation to grammar and the formation of plurals. In official documents, the name "euro" must be used for the nominative singular in all languages, though different alphabets are taken into account and plural forms and declensions are accepted. In documents other than EU legal texts, including national legislation, other spellings are accepted according to the various grammatical rules of the respective language. For European Union legislation, the spelling of the words for the currency is prescribed for each language; in the English-language version of European Union legislation the forms "euro" and "cent" are used invariantly in the singular and plural, even though this departs from usus, usual English practice for currencies. Written conventions for the euro in the lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurozone Members
The euro area, commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro ( €) as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 20 eurozone members are: : Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The seven non-eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria. Bulgaria is targeting to join the eurozone on 1 January 2026. Bulgaria is expected to become the 21st eurozone member from January 1, 2026. Among non-EU member states, Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currencies Pegged To The Euro
The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 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. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Euro Mints
Several mints exist in the eurozone that produce euro coins. Not every eurozone member state has its own mint. Austria The Austrian Mint in Vienna produces Austrian euro coins. Belgium The Royal Mint of Belgium produced Belgian euro coins until 2017. However, since 2018, Belgian euro coins have been produced by the Royal Dutch Mint in the Netherlands. Croatia The Croatian Mint in Sveta Nedelja has produced Croatian euro coins since 18 July 2022. Finland The Mint of Finland, with production facilities in Finland and Germany, mints Finnish euro coins. It has also minted euro coins for Cyprus, Estonia, Greece, Ireland, Luxembourg, and Slovenia. France The Monnaie de Paris in Pessac is the exclusive producer of French euro coins. It also mints Monégasque euro coins and alternates with the Spanish Royal Mint for the production of Andorran euro coins. It has also minted Greek euro coins, Luxembourg euro coins, and Maltese euro coins. Germany The t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harmonised Index Of Consumer Prices
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). It is a consumer price index which is compiled according to a methodology that has been harmonised across EU countries. The euro area HICP is a weighted average of price indices of member states who have adopted the euro. The primary goal of the ECB is to maintain price stability, defined as keeping the year on year increase HICP target on 2% over the medium term. In order to do that, the ECB can control the short-term interest rate through Eonia, the European overnight index average, which affects market expectations. The HICP is also used to assess the convergence criteria on inflation which countries must fulfill in order to adopt the euro. In the United Kingdom, the HICP is called the CPI and is used to set the inflation target of the Bank of England. Comparison with the United States The HICP differs from the United States Consumer Price Index, U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
5 Euro Cent Coin
The 5 euro cent coin (€0.05) has a value of one twentieth of a euro and is composed of copper-covered steel. All euro coins have a common reverse and country-specific (national) obverse. The coin has been used since 2002 and was not re-designed in 2007 as was the case with the higher-value coins. History The coin dates from 2002, when euro coins and banknotes were introduced in the 12-member eurozone and its related territories. The common side was designed by Luc Luycx, a 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) while the one and two euro coins showed the 15 states as one and the 10- to 50-cent coins showed separate EU states. The design of the national sides, then fifteen (eurozone plus Monaco, San Marino and the Vatican who could also mint their own coins) was the subject of national competitions, but was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Banknotes
Banknotes of the euro, the common currency of the eurozone (euro area members), have been in circulation since the first series (also called ''ES1'') was issued in 2002. They are issued by the national central banks of the Eurosystem or the European Central Bank. The euro was established in 1999, but "for the first three years it was an invisible currency, used for accounting purposes only, e.g. in electronic payments". In 2002, notes and Euro coins, coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union. Denominations of the notes range from €5 to €500 and, unlike euro coins, the design is identical across the whole of the eurozone, although they are issued and printed in various member states. The euro banknotes are pure cotton fibre, which improves their durability as well as giving the banknotes a distinctive feel. They have a variety of color schemes and measure from to (first series) and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2 Euro Coin
The 2 euro coin (€2) is the highest-value euro coins, euro coin and has been used since the introduction of the euro (in its cash form) in 2002. The coin is made of two alloys: the inner part of nickel brass, the outer part of copper-nickel. All coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side design dating from 2007. The €2 coin is the euro coin subject to legal-tender €2 commemorative coins, commemorative issues and hence there is a large number of national sides, including three issues of identical commemorative sides by all eurozone members. History The coin dates from 2002, when euro coins and euro banknotes, notes 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 Belgian artist who won a Europe-wide competition to design the new coins. The designs of the one- and two-euro coins were in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Currency Unit
The European Currency Unit (, , ; ⟨⟩, ECU, or XEU) was a unit of account used by the European Economic Community and composed of a basket of member country currencies. The ECU came in to operation on 13 March 1979 and was assigned the ISO 4217 code. The ECU replaced the European Unit of Account (EUA) at parity in 1979, and it was later replaced by the euro (EUR) at parity on 1 January 1999. As a unit of account, the ECU was not a circulating currency and did not replace or override the value of the currency of EEC member countries. However, it was used to price some international financial transactions and capital transfers. Exchange rate Using a mechanism known as the "snake in the tunnel", the European Exchange Rate Mechanism was an attempt to minimize fluctuations between member state currencies—initially by managing the variance of each against its respective ECU reference rate—with the aim to achieve fixed ratios over time, and so enable the European ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Sign
The euro sign () is the currency sign used for the euro, the official currency of the eurozone. The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon), crossed by two lines instead of one. Depending on convention in each nation, the symbol can either precede or follow the value, e.g., ''€10'' or ''10€'', often with an intervening space. Design There were originally 30 proposed designs for a symbol for Europe's new common currency; the Commission short-listed these to ten candidates. These ten were put to a public survey. The President of the European Commission at the time ( Jacques Santer) and the European Commissioner with responsibility for the euro ( Yves-Thibault de Silguy) then chose the winning design. The other designs that were considered are not available for the public to view, nor is any information regarding the designers available for public query. The Commission considers the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
