Greece the European Communities and the single market was signed, and the process was completed in 1982. Greece was accepted into the Economic and Monetary Union of the European Union on 19 June 2000, and in January 2001 adopted the Euro as its currency, replacing the Greek drachma at an exchange rate of 340.75 drachma to the Euro. Greece is also a member of the International Monetary Fund and the World Trade Organization, and is ranked 24th on the KOF Globalization Index for 2013. By late 2009, as a result of a combination of international and local factors, the Greek economy
20 euro cent coin denomination of the coin from its design, Greece is exempt from this requirement as it uses a non-Latin alphabet. In addition, there are several EU states that have not yet adopted the euro. While some of them have already agreed upon their coin designs, these are not yet minted as it is not known exactly when they will adopt the currency. See enlargement of the Eurozone for expected entry dates of these countries. 20 euro cent coin The 20 euro cent coin (€0.20) has a value of one fifth of a euro and is composed of an alloy called nordic