Index

The euro is the currency of the European Monetary Union and after the US dollar the second most important member of the international currency system. Together with the nation­al central banks, the European Central Bank (ECB), head­quartered in Frankfurt/Main, is responsible for monetary policy with regard to the euro. The euro is the official currency in 20 of the 27 EU member states. The euro was physically introduced in “Euroland”, including Germany, on January 1, 2002, having served as a currency of deposit since the beginning of 1999.

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