The Euro: Currency of 20 EU Member States

Official Currency and Member States

The Euro (EUR) is the official currency of 20 of the 27 member states of the European Union. The group of states using the Euro is officially known as the Eurozone.

Usage and Significance

The Euro is used by approximately 350 million people across the 20 EU member states, making it a symbol of unity and economic cooperation within the European Union.

History and Adoption

The Euro was introduced in 1999 as a virtual currency and became physical currency in 2002. It has since replaced the national currencies of participating member states, including the French Franc, the German Mark, and the Italian Lira.