Euro

Euro
евро (Bulgarian), ευρώ (Greek), euró (Hungarian), eoró (Irish), eiro (Latvian), euras (Lithuanian), ewro (Maltese), evro (Slovene)
Euro Series Banknotes.pngCommon face of one euro coin.jpg
Euro banknotes[note 1]1€ coin
ISO 4217
CodeEUR
Number978
Exponent2
Denominations
Subunit
 1/100cent
Actual usage varies depending on language
PluralSee Euro linguistic issues
centSee article
Symbol
centc
NicknameThe single currency[1], Fiber[2] and others
Banknotes
 Freq. used€5, €10, €20, €50, €100, €200
Coins
 Freq. used1c, 2c, 5c, 10c, 20c, 50c, €1, €2
Demographics
Official user(s)
Unofficial user(s)
Issuance
Central bankwww.ecb.europa.eu
Printer
 Website
Mint
 Website
Valuation
ecb.europa.eu
 MethodHICP
Pegged by
Flag of Europe.svg
This article is part of a series on the
politics and government of
the European Union
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The euro (sign: ; code: EUR) is the official currency of 19 of 28 member states of the European Union, as well as some of the territories of the EU. This group of states is known as the eurozone or euro area. It is the second largest and second most traded currency in the foreign exchange market after the United States dollar.[7] The euro is subdivided into 100 cents.

The currency is also officially used by the institutions of the European Union and its territories, four other European countries, as well as unilaterally by two others, and is consequently used daily by some 343 million Europeans as of 2018[8]. Outside Europe, a number of overseas territories of EU members also use the euro as their currency. Additionally, 240 million people worldwide as of 2018 use currencies pegged to the euro.

The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar.[9][10][11]As of August 2018, with more than €1.2 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in the world, having surpassed the U.S. dollar.[12][note 14]

The name euro was officially adopted on 16 December 1995 in Madrid.[13] 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). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by March 2002 it had completely replaced the former currencies.[14] While the euro dropped subsequently to US$0.83 within two years (26 October 2000), it has traded above the U.S. dollar since the end of 2002, peaking at US$1.60 on 18 July 2008.[15] In late 2009, the euro became immersed in the European sovereign-debt crisis, which led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising and strengthing the currency.

Administration

The European Central Bank has its seat in Frankfurt (Germany) and is in charge of the monetary policy of the eurozone.

The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem (composed of the central banks of the eurozone countries). As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the eurozone payment systems.

The 1992 Maastricht Treaty obliges most EU member states to adopt the euro upon meeting certain monetary and budgetary convergence criteria, although not all states have done so. The United Kingdom and Denmark negotiated exemptions,[16] while Sweden (which joined the EU in 1995, after the Maastricht Treaty was signed) turned down the euro in a 2003 referendum, and has circumvented the obligation to adopt the euro by not meeting the monetary and budgetary requirements. All nations that have joined the EU since 1993 have pledged to adopt the euro in due course.

Other Languages
Адыгэбзэ: Еуро
Afrikaans: Euro
Alemannisch: Euro
አማርኛ: ዩሮ
العربية: يورو
aragonés: Euro
ܐܪܡܝܐ: ܐܘܪܘ
arpetan: Erô
অসমীয়া: ইউৰো
asturianu: Euru
Avañe'ẽ: Euro
azərbaycanca: Avro
تۆرکجه: یورو
বাংলা: ইউরো
Bân-lâm-gú: Euro
башҡортса: Евро
беларуская: Еўра
беларуская (тарашкевіца)‎: Эўра
български: Евро
Boarisch: Eiro
bosanski: Euro
brezhoneg: Euro
буряад: Евро
català: Euro
Чӑвашла: Евро
čeština: Euro
corsu: Euru
Cymraeg: Ewro
dansk: Euro
davvisámegiella: Euro
Deitsch: Euro
Deutsch: Euro
dolnoserbski: Euro
eesti: Euro
Ελληνικά: Ευρώ
эрзянь: Евро
español: Euro
Esperanto: Eŭro
estremeñu: Euru
euskara: Euro
فارسی: یورو
Fiji Hindi: Euro
føroyskt: Evra
français: Euro
Frysk: Euro
furlan: Euro
Gaeilge: Euro
Gaelg: Euro
Gagauz: Euro
Gàidhlig: Euro
galego: Euro
贛語: 歐元
𐌲𐌿𐍄𐌹𐍃𐌺: 𐌰𐌹𐍅𐍂𐍉
客家語/Hak-kâ-ngî: Euro
한국어: 유로
հայերեն: Եվրո
हिन्दी: यूरो
hornjoserbsce: Euro
hrvatski: Euro
Ido: Euro
Ilokano: Euro
বিষ্ণুপ্রিয়া মণিপুরী: ইউরো
Bahasa Indonesia: Euro
interlingua: Euro
Interlingue: Euro
Ирон: Евро
isiZulu: Euro
íslenska: Evra
italiano: Euro
עברית: אירו
Basa Jawa: Euro
ಕನ್ನಡ: ಯುರೋ
къарачай-малкъар: Евро
ქართული: ევრო
kaszëbsczi: Eùro
қазақша: Еуро
kernowek: Euro
Kiswahili: Euro
коми: Евро
Kreyòl ayisyen: Ewo
kurdî: Ewro
Кыргызча: Евро
Ladino: Euro
ລາວ: ເອີໂຣ
لۊری شومالی: یورو
latgaļu: Eura
Latina: Euro
latviešu: Eiro
Lëtzebuergesch: Euro
лезги: Евро
lietuvių: Euras
Ligure: Euro
Limburgs: Euro
lingála: Euro
la .lojban.: ronru'u
lumbaart: Euro
magyar: Euró
македонски: Евро
Malagasy: Euro
മലയാളം: യൂറോ
Malti: Ewro
Māori: Euro
मराठी: युरो
მარგალური: ევრო
مصرى: يورو
مازِرونی: یورو
Bahasa Melayu: Euro
Mìng-dĕ̤ng-ngṳ̄: Euro
Mirandés: Ouro (moneda)
монгол: Евро
မြန်မာဘာသာ: ယူရို
Nāhuatl: Euro
Nederlands: Euro
Nedersaksies: Uro
नेपाली: युरो
नेपाल भाषा: युरो
日本語: ユーロ
Napulitano: Euro
Nordfriisk: Euro
Norfuk / Pitkern: Uro
norsk: Euro
norsk nynorsk: Euro
Nouormand: Étchu
Novial: Euro
occitan: Èuro
oʻzbekcha/ўзбекча: Yevro
ਪੰਜਾਬੀ: ਯੂਰੋ
پنجابی: یورو
Papiamentu: Euro
پښتو: ېورو
Patois: Yuuro
Picard: Uro
Piemontèis: Euro
Tok Pisin: Euro
Plattdüütsch: Euro
polski: Euro
português: Euro
Qaraqalpaqsha: Evro
qırımtatarca: Avro
Ripoarisch: Euro
română: Euro
rumantsch: Euro
Runa Simi: Iwru
русиньскый: Евро
русский: Евро
саха тыла: Эуро
ᱥᱟᱱᱛᱟᱲᱤ: ᱤᱣᱩᱨᱳ
Gagana Samoa: Euro
Scots: Euro
Seeltersk: Euro (Jäild)
Sesotho sa Leboa: Euro
shqip: Euro
sicilianu: Euru
Simple English: Euro
slovenčina: Euro
slovenščina: Evro
словѣньскъ / ⰔⰎⰑⰂⰡⰐⰠⰔⰍⰟ: Єѵрѡ
ślůnski: Ojro
Soomaaliga: Euro
کوردی: یۆرۆ
српски / srpski: Евро
srpskohrvatski / српскохрватски: Euro
suomi: Euro
svenska: Euro
Tagalog: Euro
தமிழ்: ஐரோ
tarandíne: Euro
татарча/tatarça: Евро
తెలుగు: యూరో
ไทย: ยูโร
тоҷикӣ: Евро
Türkçe: Euro
українська: Євро
اردو: یورو
ئۇيغۇرچە / Uyghurche: ياۋرۇ
vèneto: Euro
vepsän kel’: Evro
Tiếng Việt: Euro
Volapük: Euro
Võro: Õuro
文言: 歐元
West-Vlams: Euro
Winaray: Euro
吴语: 欧元
ייִדיש: איירא
Yorùbá: Euro
粵語: 歐羅
Zazaki: Ewro
žemaitėška: Eurs
中文: 欧元