Euro states; it was not a currency in its own right. They could not be set earlier, because the ECU depended on the closing exchange rate of the non-euro currencies (principally the pound sterling) that day. The procedure used to fix the conversion rate between the Greek drachma and the euro was different, since the euro by then was already two years old. While the conversion rates for the initial eleven currencies were determined only hours before the euro was introduced, the conversion rate for the Greek drachma was fixed several months beforehand. The currency was introduced in non-physical form (traveller's
Language and the euro a final "-o" (like "euro" from "Europa"), other linguists, like Ramón d'Andrés, defend the spelling "euro". Bulgarian uses Cyrillic. The current design of euro banknotes, except for the "new" €5, €10, €20, €50, and upcoming €100 banknotes, has the word "euro" written in Latin and Greek alphabets. The 2013 design of the € 5 banknote introduced Cyrillic, adopting the spelling ЕВРО, as described below. When Bulgaria issues Euro coins, if the Greek model is followed, the alternative spelling will go on the national (obverse) side. In popular Bulgarian usage the currency is referred to as евро and, less often, (from