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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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History of the Euro
Twelve of the 15 EU countries (Germany, France, Italy, Spain, Portugal, Belgium, Luxembourg, the Netherlands, Austria, Finland, Greece and Ireland) are members of the eurozone. On 1 January 2002 the euro replaced the old national currencies. As the chart shows, European currencies have always fluctuated against the dollar, even as debates have raged about the euro.
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