the euro was introduced as legal currency on 1 january 1999.
the euro was introduced as legal currency on 1 january 1999.
when was the euro introduced as legal currency?
1 january 1999
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 march 2002 it had completely replaced the former currencies. while the euro dropped subsequently to us$0.83 within two years (26 october 2000), it has traded above the u.s. dollar since the end of 2002, peaking at us$1.60 on 18 july 2008. in late 2009, the euro became immersed in the european sovereign-debt crisis, which led to the creation of the european financial stability facility as well as other reforms aimed at stabilising and strengthening the currency.
euro
alderney pound









































the island of alderney has its own currency, which by law must be pegged to that of the united kingdom (see pound sterling).









































schedule 2 of the government of alderney law provides that the states of alderney may, by ordinance, prescribe "the legal currency and denominations of the legal currency, so however that that currency, and those denominations shall be the same in alderney as in the united kingdom; and prescribing those notes and coins the tender of which is a legal tender of the payment of money".
alderney pound