The euro had previously begun to be used in 1999 as a unit of account in banking and electronic transactions; in 2002 it was introduced into use as physical money. The transition to the common currency constituted a tangible stage of European economic and monetary union and directly affected the daily lives of millions of people.
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Frequently asked questions
- What was Introduction of the Euro?
- On 1 January 2002, euro banknotes and coins entered daily circulation in many European Union member countries, replacing the national currencies.
- When did Introduction of the Euro happen?
- 2002 CE