One of the newest currencies introduced in the world is the euro. The euro is used in the European Community nations. The European Community includes twelve nations: Austria, Belgium, Finland, France, Greece, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. These countries officially adopted the currency on January 1, 1999, but did not go into circulation until January 1, 2002. The banknotes issued were five, ten, twenty, fifty, one hundred, two hundred and five hundred, and the eight coins issued ranged from one cent to two euro. The Euro is an important currency in Europe.

     The euro was invented for many reasons. One of the main reasons the euro was made was to make it easier to trade among European nations. Trade was easier because the euro had equal value in all the countries so, they did not have to convert it into franc or any other European currencies. With the entire European nations combine, they are as wealthy as the United States. Another main reason the euro was invented was so tourist would not have to exchange their money after entering each new country. Though the euro is a currency, Europe considers it as much more.