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The euro banknotes bear the signature of the President of the European Central Bank. [18] Wim Duisenberg was the first ECB president when the first euro banknotes and coins were issued until 2003. [18] Notes printed between November 2003 and March 2012 show the signature of Jean-Claude Trichet, the second President of the ECB. [18]
There are eight euro coin denominations, ranging from one cent to two euro [1] (the euro is divided into a hundred cents). The coins first came into use in 2002. They have a common reverse, portraying a map of Europe, but each country in the eurozone has its own design on the obverse, which means that each coin has a variety of different designs in circulation at once.
Euro banknotes and coins of various denominations. The new coins and notes were first valid on the French island of Réunion in the Indian Ocean. [23] The first official purchase using euro coins and notes took place there, for one kilogram of lychees. [24] The coming of midnight in Frankfurt at the ECB offices, though, symbolised the transition.
Euro coins and banknotes of various denominations. The design for the euro banknotes has common designs on both sides. The design was created by the Austrian designer Robert Kalina. [40] Notes are issued in €500, €200, €100, €50, €20, €10, and €5. Each banknote has its own colour and is dedicated to an artistic period of European ...
The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe. [11] For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as the Finnish markka.
The Monnaie de Paris in Pessac is the exclusive producer of French euro coins. [16] It also mints Monégasque euro coins [17] and alternates with the Spanish Royal Mint for the production of Andorran euro coins. [18] It has also minted Greek euro coins, [12] Luxembourg euro coins, [13] and Maltese euro coins. [19] [20]
The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe. [12] For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as the Italian lira and the German mark.
The euro was implemented on 1 January 1999, when it became the currency of over 300 million people in Europe. [12] For the first three years of its existence it was an invisible currency, only used in accountancy. euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the countries in eurozone 12, such as the French franc and the Spanish peseta.
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