Euros are divided into 100 cents. Euro coins exist in denominations of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents and 50 cents. In addition, the European Union mints €1 and €2 coins for circulation.
Euros have been in existence within the European Union since 1999, with notes and coins entering circulation in 2002. Several countries in the European Union chose to keep their own currency when the euro was instituted, notably Denmark, Sweden and the United Kingdom. In addition, as of 2014, some newer countries to the European Union still use their national currencies, including Bulgaria, Croatia, the Czech Republic, Hungary, Lithuania and Romania. These countries reportedly plan to switch to the euro in the future.Learn More
The Euro, which is the legal currency of 18 members of the European Union, includes bank notes, which are identical for each nation, and coins, which have a common design on one side and a nation-specific theme on the other side, according to the European Commission. The notes represent seven values ranging from 5 to 500 euros, and the eight coins range in denomination from 1 cent to 2 euros.Full Answer >
The German currency before the euro was the Deutsche mark or German mark. One mark was divided into 100 pfennig, just as one euro is divided into 100 cents. The Deutsche mark ceased to be legal tender immediately upon the introduction of the euro, the currency of the European Union.Full Answer >
Whenever possible, the Euro sign is placed before the number, without a space placed between the sign and the number. Every three digits to the left of the decimal point in the number, however, has a space before proceeding with the next three digits.Full Answer >
According to the Encyclopædia Britannica, the currency of modern Greece was the drachma before the euro replaced it in 2002. The drachma was introduced in 1832, replacing the short-lived currency called the phoenix, which was introduced after the 1828 independence of Greece from the Ottoman Empire.Full Answer >