The euro (sign: €; code: EUR) is the official currency of the European Union. Currently 19 of 28 member states use the euro (eurozone). It is the second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents.
The name euro was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by May 2002 had completely replaced the former currencies.
Euro in Crosstime Traffic[]
In the home timeline, the euro went through a process of hyperinflation throughout the 21st century. By the 2090s, a single euro was essentially worthless, and most items cost €100 at least. Europeans tended to call one hundred euros by the slang phrase "a big one" in whatever language they were speaking.[1]
The U.S. dollar went through a similar hyperinflation. One hundred dollars was known informally as a "benjamin".[2]
References[]
- ↑ The Gladiator, pg. 128, HC.
- ↑ See, e.g., Ibid.
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