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.