International status and usage of the euro becomes a new reserve currency, Eurozone governments will enjoy substantial benefits. Since money is an interest-free loan to the issuing government by the holder of the currency, foreign reserves act as a subsidy to the country minting the currency (see seigniorage). However, reserve status also holds risks, as the currency may become overvalued, hurting European exporters and potentially exposing the European economy to influence by external factors who hold large quantities of euros. International status and usage of the euro The international status and usage of the euro has grown since its launch in 1999. When the euro formally replaced
Language and the euro plural). This pronunciation is rejected by official authorities, such as the Swedish Language Council, and not used in television news. In Sweden there are no widespread slang terms since the euro is a foreign currency. In Finland, the euro is the official currency, and Swedish is an official language alongside Finnish. The same spelling as in Sweden is used (officially Swedish in Finland is spelt as in Sweden). The pronunciation, however, is , which has some similarities to Finnish pronunciation. The abbreviation is like 3,14 €, same as for Finnish. Among Swedish-speaking as well as Finnish-speaking people in Helsinki, a