In the beginning of January,
2002, twelve countries in the European Union (EU) began
using the new European currency called the euro. It is
the currency that replaced the old currencies of
some countries had started to switch money, but could
only do it by check.
The name "euro" was
introduced in 1995.
People ages eighteen through seventy-five voted
between eight different symbols. The symbol that
was chosen was picked for its strong design and
modern looks. The symbol for the euro is:
The euro comes in seven different
bills and eight different coins.
The bills come in 5, 10, 20, 50, 100,
200, and 500 euro denominations. The bills are different
There are 8 coins. The value of the
coins are 1, 2, 5, 10, 20, and 50 euro cents. There are
also coins that are 1 and 2 euros. Visit our page
the Euro Coins and Banknotes?"
to find out more information.
Countries can change the word "cent"
if they want to, and call the new coins by the names of
money they had used before. That means the German people
might call their coins "euro-pfennigs" and the French
people might calls theirs "euro-centimes."
Each of the eight euro coins will look
the same on the European side, but each country will
choose what to put on the national face of those coins
they make in their own country.
Coins minted in different countries might not be exactly
the same size. They will also look different on the back,
but they're still worth the same amount. Even though
people might call them by different names, the euro will
be worth the same in each country.
This is the 2 euro cent coin.
In each euro country, this is how the common
face of the 1,2, and 5 coin looks. (The real
coin is smaller than this image.)
is your money worth in