rows · This page lists global currency symbols used to denote that a number is a monetary . The international three-letter code (according to ISO standard ISO ) for the euro is EUR. In Unicode it is encoded at U+20AC € euro sign (HTML: €). In English, the sign precedes the value. In some style guides, but not others, the euro sign is unspaced.
Euromonetary unit and currency of the European Union EU. It was introduced as a noncash monetary unit inand currency notes and coins appeared in participating countries on Wat 1, After February 28,the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender. Other states subsequently adopted the currency. It began synbol a noncash monetary unit in before being issued as currency notes and coins in The euro replaced the national currencies of participating EU states and some non-EU states.
The euro arose from the Maastricht Treatyin which the 12 original member countries of the European Community now the European Union created an economic and monetary union and a corresponding common unit of exchange. The new currencyfoodmatters you are what you eat euro, was officially issued on January 1, Mpney its use was initially limited to financial markets and certain businesses, eufo member states began using euro currency notes and coins in Since the euro has been managed by the European Central Bank.
Located in Frankfurt, Germany, the ECB is an independent and neutral body headed by an appointed president. This president must be approved by all member countries and serves an eight-year term.
No, the entire European Union does not use the euro. As of only 19 of the 27 EU member states use the euro as their sole currency. Unlike many competing currencieseuro banknotes do not display images of prominent national figures. Instead, every note features a map of Europe, the flag of the European Unionand recognizable architectural imagery. The treaty called for a common unit of exchange, the euro, and set strict criteria for conversion to the euro and participation in the EMU.
These requirements included annual budget deficits not exceeding 3 percent of gross domestic product GDPpublic debt under 60 percent of GDP, exchange rate stability, inflation rates within 1. Although several states had public debt ratios exceeding 60 percent—the rates topped percent in Italy and Belgium—the European Commission the executive branch of the EU recommended their entry into the EMU, citing the significant steps each country had taken to reduce its debt ratio.
Supporters of the euro argued that a single European currency would boost trade by eliminating foreign exchange fluctuations and reducing prices. Although there were concerns regarding a single currency, including worries about counterfeiting and loss of national sovereignty and national identity, 11 countries AustriaBelgium, FinlandFrance, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain formally joined the EMU in Britain and Sweden delayed joining, though some ysmbol in Britain decided to accept payment in euros.
Voters in Denmark narrowly rejected the euro in a September referendum. Greece initially failed to meet the economic requirements but was admitted in January after overhauling its economy. In Slovenia became the first former communist country to adopt the euro. Having demonstrated fiscal stability since joining the EU inboth Malta and the Greek Cypriot sector of Cyprus adopted the euro in Other countries that adopted the currency include Slovakia ie, EstoniaLatviaand Lithuania The 19 participating EU countries are known as the euro areaeuroland, or the euro zone.
Based in FrankfurtGermany, the ECB is an independent and neutral body headed by an appointed president who is approved by all member countries to serve an eight-year term.
The euro was launched on January 1,replacing the precursor ecu at a value. Until the circulation of currency notes and coins inthe euro was used only by financial markets and certain businesses. Many experts predicted that the euro could eventually rival the U.
The eight euro coins range in denominations from one cent to two euros. Videos Images. Additional Info. More About Contributors Article History. Print Cite verified Cite. While every effort has been made to follow citation style rules, there may be some discrepancies. Please refer to the appropriate style manual or other sources if you have any questions. Facebook Twitter. Give Feedback External Websites. Let us know if you have suggestions to improve tbe article requires login.
External Websites. European Commission - The euro. Articles from Britannica Encyclopedias for elementary and high school students. The Editors of Symmbol Britannica Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree See Article History.
Uncover the history of the introduction of the Euro as the official currency of Germany, January Map indicating which members of the European Union use the euro as their national currency.
The Greek Cypriot sector of Cyprus not shown also has fr the euro. Top Questions. Get a Britannica Premium subscription and gain access to exclusive content. Subscribe Now. Understand iw origin, structure, and working of the European Central Bank. Overview of the European Central Bank, including a discussion of the euro. Various denominations of the euro currency. Euros, the currency of the European Union.
Learn More in these related Britannica articles:. Western Euro pean countries have traditionally done much of their trading with each other. Soon after the breakdown of the Bretton Woods system, some of these countries experimented with fixed exchange rates within their group. Beforehowever, all such attempts had failed within a…. Germany: Helmut Kohl and the struggles of reunification. In Spain adopted the euro as its official monetary unit, and in the euro replaced the peseta as the national currency.
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Euro symbol EUR € is a currency sign running in most of European Union. Euro has it roots from the Greek letter epsilon Є and it?s a reference to the cradle of European civilization (Ancient Greece) and the first letter of the word Europe, crossed by two parallel lines to postulate stability of the euro currency. Feb 28, · After February 28, , the euro became the sole currency of 12 EU member states, and their national currencies ceased to be legal tender. Other states subsequently adopted the currency. The euro is represented by the symbol €. European Union: euro zone.
The design was presented to the public by the European Commission on 12 December It consists of a stylized letter E or epsilon , crossed by two lines instead of one. There were originally 32 proposed designs for a symbol for Europe's new common currency; the Commission short-listed these to ten candidates.
These ten were put to a public survey. After the survey had narrowed the original ten proposals down to two, it was up to the Commission to choose the final design. The other designs that were considered are not available for the public to view, nor is any information regarding the designers available for public query. The Commission considers the process of designing to have been internal and keeps these records secret.
The eventual winner was a design created by a team of four experts whose identities have not been revealed. It is assumed that the Belgian graphic designer Alain Billiet was the winner and thus the designer of the euro sign. The official story of the design history of the euro sign is disputed by Arthur Eisenmenger , a former chief graphic designer for the European Economic Community , who says he had the idea 25 years before the Commission's decision.
The Commission specified a euro logo with exact proportions and colours PMS Yellow foreground, PMS Reflex Blue background  , for use in public-relations material related to the euro introduction.
While the Commission intended the logo to be a prescribed glyph shape, type designers made it clear that they intended instead to adapt the design to be consistent with the typefaces to which it was to be added. Generating the euro sign using a computer depends on the operating system and national conventions. Initially, some mobile phone companies issued an interim software update for their special SMS character set, replacing the less-frequent Japanese yen sign with the euro sign.
Subsequent mobile phones have both currency signs. An implicit character encoding, along with the fact that the code position of the euro sign is different in historic encoding schemes code pages , led to many initial problems displaying the euro sign consistently in computer applications, depending on access method.
While displaying the euro sign was no problem as long as only one system was used provided an up-to-date font with the proper glyph was available , mixed setups often produced errors. Initially, Apple, Microsoft and Unix systems each chose a different code point to represent a euro symbol: thus a user of one system might have seen a euro symbol whereas another would see a different symbol or nothing at all. Another was legacy software which could only handle older encodings such as ISO that contained no euro sign at all.
In such situations, character set conversions had to be made, often introducing conversion errors such as a question mark? Widespread adoption of Unicode and UTF-8 encoding means that these issues rarely arise in modern computing.
Depending on keyboard layout and the operating system , the symbol can be entered as:. On the macOS operating system, a variety of key combinations are used depending on the keyboard layout , for example:.
Classical typewriters are still used in many parts of the world, often recycled from businesses that have adopted desktop computers. Placement of the sign varies. Countries have generally continued the style used for their former currencies. In those countries where previous convention was to place the currency sign before the figure, the euro sign is placed in the same position e. The Commission includes a guideline in its institutional style guide for its own staff on the use of the euro sign, stating it should be placed in front of the amount without any space in English, but after the amount in most other languages.
Prices of items costing less than one euro for example ten cents are often written using a local abbreviation like "ct. From Wikipedia, the free encyclopedia.
Currency sign. Euro sign. See also: Language and the euro. Neither will work under Japanese , Korean or Traditional Chinese system locale settings. Gazet van Antwerpen in Dutch. Archived from the original on 1 April Retrieved 24 September Retrieved 7 April The Observer. Archived from the original on 23 December Retrieved 21 August Retrieved 21 December Rules for expressing monetary units".
Normas de escritura de las referencias monetarias". Regole di scrittura dei riferimenti monetari". Retrieved 25 June The Economist. Retrieved 16 April Symbols of Europe. Emblem flag Anthem Europe Day. Euro topics. Proposed eurobonds Reserve currency Petroeuro World currency. Andorra Monaco San Marino Vatican. Potential adoption by other countries.
Non-EU countries using euro unilaterally. Kosovo Montenegro. Previous EU members and euro. United Kingdom. Currencies remaining. Bulgarian lev Croatian kuna Danish krone. Money portal European Union portal Numismatics portal. Namespaces Article Talk. Views Read Edit View history.
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