BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: In Depth: Euro-glossary  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Euro-glossary Monday, 30 April, 2001, 11:23 GMT 12:23 UK
Euro
rolls of euro coins
Euro notes and coins were launched in January 2002
Europe's single currency the euro is the culmination of a long process of Economic and monetary union, first envisioned more than 20 years ago.

Eurozone countries
Austria
Belgium
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
The Netherlands
Portugal
Spain
At the beginning of 1999, 11 of the EU member states decided to abandon their national currencies and adopt the euro. Greece joined them at the beginning of 2001.

The euro had a tough time when it was first launched as it fell sharply against the dollar.

But the euro's long decline was reversed in the autumn of 2000, partly because of interventions by the European Central Bank, but mainly because a rapid slowdown of the US economy made the dollar a less attractive currency for investors.

The euro was launched in its cash form on 1 January, 2002. National currencies were phased out over the following few months.

See also:

13 Mar 01 | Euro-glossary
12 Mar 01 | Euro-glossary
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Euro-glossary stories are at the foot of the page.


E-mail this story to a friend

Links to more Euro-glossary stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes