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The twenty euro note (€20) is the third-lowest value euro banknote and has been used since the introduction of the euro (in its cash form) in 2002. [8] The note is used in the 25 countries (and Kosovo ) that have it as their sole currency (with 24 legally adopting it), which countries have a total population of about 350 million currently. [ 9 ]
The euro was established in 1999, but "for the first three years it was an invisible currency, used for accounting purposes only, e.g. in electronic payments". [2] 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.
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The 20 euro cent coin (€0.20) has a value of one-fifth of a euro and is composed of an alloy called Nordic Gold in the Spanish flower shape. All euro coins have a common reverse side and country-specific national sides. The coin has been used since 2002, with the present common side design dating from 2007.
Since the euro was first issued in 2002, the countries which have an issue date stipulation are all dated 2002 onward, even though these coins were minted in previous years to prepare for the adoption of the euro. As a result, there are no euro coins dated 1999, 2000 and 2001 issued from countries with an issue date stipulation.