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The Euro

10-Euro banknote - front

ABOVE:  Front of a €10 banknote.

You've probably heard a lot about the euro, and maybe you're wondering how it will affect your European travel plans. In this article, I'll answer the most common questions about the euro and provide links to in-depth information resources.

Q. What is the euro?

It's a common currency that has replaced 12 national currencies in Western Europe. Now that the euro transition is complete, you no longer use francs in France, D-Marks in Germany, lire in Italy, etc.--instead, you fill your wallet with the same currency (the euro) in all 12 countries that have chosen to join the European Monetary Union.

The euro is divided into 100 cents. Prices and other amounts are typically quoted with the symbol € or the abbreviation EUR.

Q. Which countries are participating?

Initially, a dozen countries have replaced their currencies with the euro. The member states include:

Austria Ireland
Belgium Italy
Finland Luxembourg
France Netherlands
Germany Portugal
Greece Spain

As you can see from the list, many nations within and outside of the European Union have not yet chosen to support the euro: among them, Britain, Switzerland, and all but one of the Scandinavian countries.

Next Page > More Q&A > Page 1, 2, 3


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Photos copyright © European Monetary Institute and European Central Bank.

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