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There are eight euro coin denominations, ranging from one cent to two euros [1] (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of different designs in circulation at once.
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. [1] The euro was established in 1999, but "for the first three years it was an ...
The coins also have a national side showing an image specifically chosen by the country that issued the coin. Euro coins from any member state may be freely used in any nation that has adopted the euro. The coins are issued in denominations of €2, €1, 50c, 20c, 10c, 5c, 2c, and 1c.
Euro banknotes and coins of various denominations. The new coins and notes were first valid on the French island of Réunion in the Indian Ocean. [23] The first official purchase using euro coins and notes took place there, for one kilogram of lychees. [24] The coming of midnight in Frankfurt at the ECB offices, though, symbolised the transition.
2007 (still in circulation as of 2024. [update] ) The 1 euro coin (€1) is a euro coin with a value of one euro. It is made of two alloys: the inner part of cupronickel, the outer part of nickel brass. All coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side ...
National identifying marks of euro coins. As per a recommendation defined by the Economic and Financial Affairs Council of the European Union, [1] the national designs of each member's euro coin should contain a national identification in the form of spelling or abbreviation of the country's name. Of the fifteen members of the Eurozone at the ...