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History of the Euro
The euro was launched on 1 January 1999 as an electronic currency and became legal tender on 1 January 2002, but attempts to create a single currency go back 20 years. This chart shows the value of the euro (before 1999 as a basket of the 11 legacy currencies) against the US dollar.
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Terrorist Attack
The terrorist attack in New York, aimed at damaging the world's leading financial centre, severely tested currency markets. Money flowed out of the dollar, to safe havens like the Swiss franc and - for the first time - the euro. Central banks tried to calm the markets and cut interest rates across the globe. Many observers believe it may have marked the coming of age of the euro as an international currency.
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