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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.
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.
Greek euro coins dated 2002 without these mint marks were produced in Athens, Greece. All Greek euro coins bear the standard Greek mint mark symbol of the Athens mint. Greece (2002–present) Athens Stylised acanthus leaf: Italy: Rome R: Letter: Lithuania: Vilnius Lietuvos monetų kalykla (Lithuanian Mint House, LMK) logo: Luxembourg (2002–2004)
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]
Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone, mainly in gold and silver, although other precious metals are also used in rare occasions. Belgium was one of the first twelve countries in the Eurozone that introduced the euro (€) on 1 January 2002.
The front of an Austrian gold bullion coin A 150 Years Semmering Alpine Railway coin made of niobium and silver, of 2004 . Euro gold and silver commemorative coins are special euro coins minted and issued by member states of the Eurozone. They are minted mainly in gold and silver, although other precious metals are also used on rare occasions.
In 2002, notes and coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union. Denominations of the notes range from €5 to €500 and, unlike euro coins, the design is identical across the whole of the eurozone, although they are issued and printed in various member ...
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