what is euro?
explain it's history.
Answers
Answer:
The euro is the official currency of 19 of the 27 member states of the European Union. This group of states is known as the eurozone or euro area, and counts about 343 million citizens as of 2019.
Explanation:The euro was established by the provisions in the 1992 Maastricht Treaty. ... They were set so that one European Currency Unit (ECU) would equal one euro. The European Currency Unit was an accounting unit used by the EU, based on the currencies of the member states; it was not a currency in its own right.
Answer:
the euro was launched on 1 January 1999
for the first three years it was an 'invisible' currency, only used for accounting purposes and electronic payments.
Coins and banknotes were launched on 1 January 2002, and in 12 EU countries the biggest cash changeover in history took place.