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The markka was added into the ERM system in 1996 and then became a fraction of the euro in 1999, with physical euro money arriving later in 2002. It has been speculated that if Finland had not joined the euro, market fluctuations such as the dot-com bubble would have reflected as wild fluctuations in the price of the markka.
States using the euro with a bilateral agreement ... Finland: euro [38] € EUR euro cent: markka [39] France: euro [40] € EUR euro cent: franc [41]
This category contains the currencies that were replaced by the euro and directly preceding the euro. Pages in category "Currencies replaced by the euro" The following 23 pages are in this category, out of 23 total.
The name euro was officially adopted on 16 December 1995 in Madrid. [15] The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making ...
Finnish euro coins; ... Finnish markka; Mint of Finland; Media in category "Currencies of Finland" The following 2 files are in this category, out of 2 total. E.
In Finland, the euro was introduced in 2002. However, the first sets of coins were minted, as preparation, in 1999. Hence the first euro coins of Finland have minted the year 1999 instead of 2002. Finnish euro coins dated 1999–2006 carry the mint mark M which is the initial of the mint master at the Mint of Finland, Raimo Makkonen.
Finland in Finnish (Suomi) and Swedish are displayed at the bottom of the coin, with the face value of 10 euro in the right up corner. On the reverse, a feather (as a symbol of an author) and Elias Lönnrot's signature can be seen. The Finnish word kansanrunous (People's Poetry) can be observed on this side of the coin.
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...