Euro
This article deals with Euro as it relates to NationStates. For more general information, see the Wikipedia article on this subject.
The euro (€; EUR) is the currency of some nations in the Europe region, notably in the European Union. It is also the single currency of the Knootian Federation who administers it through the Knootian Central Bank in Utrecht.
Contents
Countries using the Euro
At present the member states officially using the euro are
- The Knootian Federation, including
Euro exchange rate
The Euro in the Knootian Federation is free float, and is worth about twice as much as the dollar.
Characteristics
Currency characteristics
- Main articles - Euro coins, Euro banknotes
The euro is divided into 100 cents, commonly and officially referred to as "cent", even in plural.
All euro coins have a common obverse showing the worth and a national reverse showing an image particular to the country it was issued in; the monarchies have a picture of their reigning monarch, other countries usually have their national symbols. All the different coins can be used in all the participating member states: e.g. a euro coin bearing an image of the Spanish king is legal tender not only in Spain, but also in Finland (and all the other nations where the euro is in use). There are two-euro, one-euro, fifty-cent, twenty-cent, ten-cent, five-cent, two-cent and one-cent coins, though the latter two are not generally used in Finland (but are still legal tender).
Euro banknotes have a common design for each denomination on both sides. Notes are issued in the following amounts: €500, €200, €100, €50, €20, €10, and €5. Some higher denominations are not issued in some countries, though again, are legal tender.
The euro sign
The international three-letter code for the euro is EUR. A special euro currency sign (€) was also designed. It is inspired by the Greek letter epsilon (ε), as well as being a stylised version of the letter "E".
The Menelmacari Credit also uses the euro sign in its name. (M€)