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Monday, January 28, 2019

The Euro Celebrates 20 Years Strong

20 Years of the Euro

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The euro is one of the most important currencies in the world. Back in January of 1999, 11 countries from the European Union launched this shared currency. This year, the euro is celebrating 20 years of existence, and has come a long way since then!

History of the euro

 

When the euro first came about, it was an electronic currency. It was cashless and used by financial markets. After three years, euro banknotes and coins entered circulation. The European Central Bank now produces euros as the currency of 19 European countries, including Italy, France, and Spain. 

How the euro benefits citizens

 

Over the past 20 years, the euro has been around, the average inflation rate has been lower and prices in the euro area have remained stable. In addition, the euro area has the second best world leading economy, in terms of GDP per person. More than 340 million Europeans use the euro, so it is a vital part of everyday life. 

#EUROat20 quiz: Test your knowledge of the euro

Think you're an expert on the euro? Let's see if you know as much as you think! Check out the European Central Bank's Euro Quiz.

 

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About Currency Exchange International
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America for financial institutions, corporations and travelers. Products and services for international travelers include access to buy and sell more than 90 foreign currencies, multi-currency cash passport’s, traveler’s cheques and gold bullion coins and bars. For financial institutions and corporations, our services include the exchange of foreign currencies, international wire transfers, global EFT, the purchase and sale of foreign bank drafts, international traveler’s cheques, and foreign cheque clearing through the use of CXI’s innovative CEIFX web-based FX software www.ceifx.com

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Posted By Isabella Guevara at 09:00 AM
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