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  2. History of the euro - Wikipedia

    en.wikipedia.org/wiki/History_of_the_euro

    Euro Zone inflation. The euro came into existence on 1 January 1999, although it had been a goal of the European Union (EU) and its predecessors since the 1960s. After tough negotiations, the Maastricht Treaty entered into force in 1993 with the goal of creating an economic and monetary union (EMU) by 1999 for all EU states except the UK and Denmark (even though Denmark has a fixed exchange ...

  3. Euro - Wikipedia

    en.wikipedia.org/wiki/Euro

    The name euro was officially adopted on 16 December 1995 in Madrid. [15] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making ...

  4. International status and usage of the euro - Wikipedia

    en.wikipedia.org/wiki/International_status_and...

    Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...

  5. History of the European Union - Wikipedia

    en.wikipedia.org/wiki/History_of_the_European_Union

    The 1990s also saw the further development of the euro. 1 January 1994 saw the second stage of the Economic and Monetary Union of the European Union begin with the establishment of the European Monetary Institute and at the start of 1999 the euro as a currency was launched and the European Central Bank was established. On 1 January 2002, notes ...

  6. Spanish peseta - Wikipedia

    en.wikipedia.org/wiki/Spanish_peseta

    Euro coins and notes were introduced on 1 January 2002, and on 1 March 2002 the peseta lost its legal tender status in Spain, and also in Andorra. The conversion rate was € 1 = Pts 166.386. Peseta notes issued since 1939 and coins that were legal tender on 31 December 2001 remained exchangeable at any branch of the Spanish Central Bank until ...

  7. Eurozone - Wikipedia

    en.wikipedia.org/wiki/Eurozone

    In 1998, eleven member states of the European Union had met the euro convergence criteria, and the eurozone came into existence with the official launch of the euro (alongside national currencies) on 1 January 1999 in those countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain ...

  8. Currency of Spain - Wikipedia

    en.wikipedia.org/wiki/Currency_of_Spain

    The official currency of Spain since 2002 is the Euro. The basic and most prevalent unit of Spanish currency before the Euro was the Peseta. The first Peseta coins were minted in 1869, and the last were minted in 2011. Peseta banknotes were first printed in 1874 and were phased out with the introduction of the Euro. [1]

  9. Euro banknotes - Wikipedia

    en.wikipedia.org/wiki/Euro_banknotes

    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". [2] In 2002, notes and coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union.