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Home > QFINANCE Dictionary > Definition of euro

Definition of

euro

Currency & Exchange

currency of nations belonging to EU the currency of 12 member nations of the European Union. The euro was introduced in 1999, when the first 11 countries to adopt it joined together in an Economic and Monetary Union and tied their currencies' exchange rate to the euro. Notes and coins were brought into general circulation in January 2002, although banks and other financial institutions had before that time carried out transactions in euro. The official plural of euro is "euro," although "euros" is widely used.

euro - Related Articles

  • The Tragedy of the Euro

    Viewpoints

    academic journals and other scholarly outlets. Bagus is author of The Tragedy of the Euro and, with David Howden, of Deep Freeze: Iceland’s Economic Collapse.
    By Philipp Bagus

  • Business Implications of the Single Euro Payments Area (SEPA)

    Best Practice

    SEPA is one of the largest projects in the history of pan-European monetary transactions. It is another major step toward a common financial market following the introduction of the euro in 1999. SEPA, which became effective in January 2008, affects all companies doing business with European
    By Juergen Bernd Weiss

  • Europe and the Euro: A Geopolitical View—An Implausible Currency but the Best Alternative to Naked Conflict?

    Viewpoints

    We have said before that the trouble with the euro is that it attempts to overlay a monetary dynamic on a geography that does not particularly lend itself to a single economic or unified political “space
    By Marko Papic

  • Hansjörg Nymphius

    Biographies

    actively participated in various domestic and international industry bodies, both at working group level and in policy-making. Currently he is chairman of the board of the Euro Banking Association (EBA), Paris. Nymphius has been a key driver behind the integration of EU payments markets over the past decade

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Definitions of ’euro’ and meaning of ’euro’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’euro’ and other financial terms with our online QFINANCE Financial Dictionary.

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