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There are eight euro coin denominations, ranging from one cent to two euros [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.
Banknotes of the euro, the common currency of the eurozone (euro area members), have been in circulation since the first series (also called ES1) was issued in 2002. They are issued by the national central banks of the Eurosystem or the European Central Bank. [1] The euro was established in 1999, but "for the first three years it was an ...
The coins also have a national side showing an image specifically chosen by the country that issued the coin. Euro coins from any member state may be freely used in any nation that has adopted the euro. The coins are issued in denominations of €2, €1, 50c, 20c, 10c, 5c, 2c, and 1c.
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.
2007 (still in circulation as of 2024. [update] ) The 1 euro coin (€1) is a euro coin with a value of one euro. It is made of two alloys: the inner part of cupronickel, the outer part of nickel brass. All coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side ...
Numerous variations, see below. The 2 euro coin (€2) is the highest-value euro coin and has been used since the introduction of the euro (in its cash form) in 2002. [2] The coin is made of two alloys: the inner part of nickel brass, the outer part of copper-nickel. All coins have a common reverse side and country-specific national sides.
The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe. [9] 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 12 initial eurozone countries ...
The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe. [4] 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.
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