History of the euro adopting the currency on that date. In 2013 Latvia gained the support of the European Commission, Central Bank and Parliament for accession on 1 January 2014 with Latvia adopting the currency on that date. On 23 July 2014 Lithuania became the last Baltic state to gain permission to join the euro, which was adopted on 1 January 2015. The chart below provides a full summary of all applying exchange-rate regimes for EU members, since the European Monetary System with its Exchange Rate Mechanism and the related new common currency ECU was born on 13 March 1979. The euro replaced the
Phoenix (currency) Phoenix (currency) The phoenix (, "foinix") was the first currency of the modern Greek state. It was introduced in 1828 by Governor Ioannis Kapodistrias and was subdivided into 100 "lepta". The name was that of the mythical phoenix bird and was meant to symbolize the rebirth of Greece during the still ongoing Greek War of Independence. The "phoenix" replaced the Ottoman "kuruş" (called "grosi" γρόσι, plural γρόσια "grosia" by the Greeks) at a rate of 6 phoenixes = 1 "kuruş". The creation of a national currency was one of the most pressing issues for the newborn Greek state, so that