The seventeen member states of the European Union make up the eurozone. Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain have introduced euro banknotes and euro coins, which were first released into circulation on 1 January 2002. In Slovenia the euro became the currency on 1 January 2007, in Malta and Ciper on 1 January 2008, in Slovakia on 1 january 2009, and in Estonia, the eurozone’s latest member, on 1 January 2011.
There are seven denominations of euro banknote in circulation (5, 10, 20, 50, 100, 200, 500 euros), which are the same throughout the eurozone. |
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Euro coins are issued in eight denominations: 1, 2, 5, 10, 20, 50 cents and 1 and 2 euros. They have a common (European) side and an obverse (national) side for each member state of the eurozone. All coins – regardless of the different national sides – are legal tender throughout the eurozone.
More information on euro banknotes and euro coins can be found in the chapter Economic and Monetary Union. |