History of the euro midnight on 1 January 1999, when the national currencies of participating countries (the eurozone) ceased to exist independently in that their exchange rates were locked at fixed rates against each other, effectively making them mere non-decimal subdivisions of the euro. The euro thus became the successor to the European Currency Unit (ECU). The notes and coins for the old currencies, however, continued to be used as legal tender until new notes and coins were introduced on 1 January 2002 (having been distributed in small amounts in the previous December). Beginning on 1 January 1999, all bonds and other forms of
Language and the euro currency's name in Hebrew arose. The official name of the currency established by the Academy of the Hebrew Language and the Bank of Israel is derived from An unofficial spelling and pronunciation , derived from the English pronunciation of the currency's name, is also used. Although in Hebrew currency names are usually declined for singular and plural, both forms of the Euro name are used for the singular and plural alike. In Hindi, the euro is spelt as यूरो (Yūro), while cent is written as सेंट (seṇṭ). Both the words are not pluralised. Europe is known as यूरोप (Yūrop) in