The Euro Currency

What’s inside

• In which year were euro banknotes and coins first introduced for everyday use?
• Which institution is primarily responsible for managing the euro and setting monetary policy for the euro area?
• What is the official symbol of the euro?
• Which of the following countries is a member of the euro area?
• What was the main purpose of the euro conversion rates established when national currencies were replaced?
• Which statement best distinguishes the euro area from the European Union?
• The euro was introduced as an accounting currency before euro cash appeared in people’s wallets.
• Every member state of the European Union uses the euro as its national currency.