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ERM-II by 2026 and euro by 1 January 2029 [12] [21] [14] Not compliant with any of the 5 criteria Sweden: Krona (SEK) Free floating 1995-01-01 None Not on government's agenda [22] Compliant with 2 out of 5 criteria Rejected euro adoption by referendum in 2003. Still obliged to adopt the euro once compliant with all criteria. [note 2]
The Romanian target for "real convergence" ahead of euro adoption, is for its GDP per capita (in purchasing power standards) to be above 60% of the same average figure for the entire European Union, and according to the latest outlook, this relative figure was now forecast to reach 65% in 2018 and 71% in 2020, [8] after having risen at the same ...
The name euro was officially adopted on 16 December 1995 in Madrid. [16] 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 ...
On 28 May 2010, UEFA announced that UEFA Euro 2016 would be hosted by France. France beat bids of Turkey (7–6 in voting in the second voting round) and Italy, which had the fewest votes in the first voting round. [68] Euro 2016 was the first to have 24 teams in the finals. [69] This was the third time France have hosted the competition.
The five-euro note (€5) is the lowest value euro banknote. It has been used since the introduction of the euro (in its cash form) in 2002. [ 7 ] The note is used in the 25 countries (and Kosovo ) that have it as their sole currency (with 24 legally adopting it), which countries have a total population of about 350 million currently. [ 8 ]