Euro currency - the most important information
The euro is currently in force in 19 countries of the European Union and is a legal tender in 11 countries and territories outside the European Union. The euro is valid in countries such as: Austria, Belgium, Cyprus, Estonia, Finland, France, Greece, Spain, the Netherlands, Ireland, Lithuania, Latvia, Luxembourg, Malta, Germany, Portugal, Slovakia, Slovenia and Italy. The single currency is also valid in non-EU countries - these include Andorra, Monaco, San Marino and the Vatican, which treat the euro as an official currency and may issue a small amount of their own coins, and Montenegro and Kosovo, which have adopted the euro currency without the right to issue money. Euro is the youngest currency on the Old Continent. € 1 is divided into 100 cents and the coins are available in the following denominations: 1, 2, 5, 10, 20, 50 cents and 1, 2 euro. Each of the coins has one, common side on which the Europe and the face value of the coin are visible, while on the other hand they differ in appearance in individual EU countries. In the case of banknotes, these are the denominations of 5, 10, 20, 50, 100, 200 and 500 euros, and their appearance differs from most banknotes used in other countries, because they do not represent national heroes, but elements of historic buildings that are characterized by the style of chosen era. The face value of € 500 is an exception, as it bears a fragment of a modern office building. The important news is that the highest denomination of euro banknotes is no longer printed to combat illicit financial flows, but can still be used until it is completely out of circulation. Euro is the first choice of practically all travelers in Europe, therefore the EUR exchange rate, eg EUR / PLN, is extremely important to us. The euro exchange rate depends on many variable factors, such as the current policy of the Member States or the economic situation in the European Union. The current euro exchange rate is practically at your fingertips, so it's worth following the charts and knowing what the euro exchange rate is at the moment.
History of the Euro currency
Plans for the introduction of a common currency in Europe for many countries were formulated already in the 1960s. They were implemented on the basis of the Maastricht Treaty of December 1991, four years later the name was chosen in Madrid, and on January 1, 1999, the euro made its debut in non-cash transactions. Euro banknotes and coins became a legal tender in 12 EU countries on January 1, 2002, and with the passage of time, the euro area was enlarged by more EU countries.