What is the currency of euro member countries?

The Euro is the currency of Euro Member Countries. Our currency rankings show that the most popular Euro exchange rate is the EUR to USD rate. The currency code for Euros is EUR, and the currency symbol is €. Below, you'll find Euro rates and a currency converter. The central bank in Europe is called the European Central Bank (ECB).

What does the Euro stand for?

The management of the Euro, its security measures and entry criteria, operated by the European Commission and the European Central Bank A brief history of the reasons behind the creation of the euro, and the steps leading to the single monetary system The meaning of the euro (€) symbol and rules around its usage.

Why did the European Union adopt the Euro?

The euro was initially proposed as the official currency of the entire European Union in order to unify the countries. All 28 member nations pledged to adopt the euro when they joined the EU, but they must meet budget and other criteria before they can officially switch currencies.

What is de facto euroisation?

In several central, eastern and south-eastern European countries which have not adopted the euro as legal tender, the use of financial assets denominated in euro – de facto euroisation – has remained a widespread phenomenon. For individuals, de facto euroisation is largely demand-driven.