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Definition of


Currency & Exchange

currency of nations belonging to EU the currency of 12 member nations of the European Union. The euro was introduced in 1999, when the first 11 countries to adopt it joined together in an Economic and Monetary Union and tied their currencies' exchange rate to the euro. Notes and coins were brought into general circulation in January 2002, although banks and other financial institutions had before that time carried out transactions in euro. The official plural of euro is "euro," although "euros" is widely used.

Definitions of ’euro’ and meaning of ’euro’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’euro’ and other financial terms with our online QFINANCE Financial Dictionary.

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