The euro is the common currency of the European Union, which has been in circulation since January 1, 2002 Work on its implementation began in the 1970s. The euro is legal tender in 19 of the 27 EU countries. 341 million Europeans live in an area where the euro is used.
One euro is divided into 100 euro cents. There are approximately 1.4 trillion euros in circulation worldwide. It is the second most popular currency in the world for trading, after the dollar.
Euro (EUR) – the meaning and exchange rate of the common currency of the European Union The euro is the common currency of the European Union, which came into circulation on January 1, 2002. Work on its introduction began in the 1970s. The euro is legal tender in 19 of the 27 EU countries. 341 million Europeans live in the area where the euro is used, one euro is divided into 100 euro cents. There are approximately 1.4 trillion euros in circulation worldwide. It is the second most popular currency in trade in the world – after the dollar. The group of countries whose currency is the euro is colloquially called the Eurozone, Eurozone or Euroland. These are: Austria, Belgium, Cyprus, Estonia, Finland, France, Greece, Spain, Netherlands, Ireland, Lithuania, Luxembourg, Latvia, Malta, Germany, Portugal, Slovakia, Slovenia, Italy. In addition, four other countries have the euro, even though they are not part of the European Union – these are: Andorra, Monaco, San Marino, Vatican City. From January 1, 2023 Croatia also joins the Eurozone.