The fact that the euro and the Swiss franc is worth a lot more in forints than they did before affected a lot of people.

It originally planned to adopt the euro on 1 January 2007 ; however, it did not formally apply when Slovenia did, and officially changed its target date to 1 January 2008, and later, to 1 January 2011.

Euro banknotes produced for the Central Bank are identified by having the serial number begin with the letter T. The Bank did not initially issue € 200 or € 500 euro banknotes, but has since begun to do so.

Quoting economic data from Eurostat ( annual average growth, unemployment, GDP gap ), she notes that " the European countries which did not enter the euro display higher performances than countries in the eurozone for ten years ".

As such, it was also described to be a key tool for the Member States adopting the euro, to ensure that they did not only met the Maastricht convergence criteria at the time of adopting the euro, but kept on to comply with the fiscal criteria for the following years.

She did several episodes in Europe when the euro was still valued less than the U. S. dollar.

It originally planned to adopt the euro on 1 January 2007 ; however, it did not formally apply when Slovenia did, and officially changed its target date to 1 January 2008, and later, to 1 January 2011.

IMF economist Pau Rabanal argued that Trichet " maintained a relatively expansionary monetary policy ," but even " sacrificed the ECB's inflation target for the sake of greater economic growth and jobs creation, and not the other way round .” While straying from his mandate, he has however still kept interest rates under control and maintained greater price stability than the Deutsche Bundesbank did before the euro.

1 January 1994 saw the second stage of the Economic and Monetary Union of the European Union begin with the establishment of the European Monetary Institute and at the start of 1999 the euro as a currency was launched and the European Central Bank was established.

The Netherlands, along with 11 of its EU partners, began circulating the euro currency on 1 January 2002.

Belgium began circulating the euro currency in January 2002.

The American treasury considered re-issuing a US $ 500 banknote when the euro banknotes began circulating.

The guilder was used most in the Netherlands ( as the Dutch guilder ), until it was replaced by the euro on 1 January 2002.

In the Netherlands, the name rijksdaalder lived on until the gulden was replaced by the euro in 2002.

The tolar was the currency of Slovenia from 8 October 1991 until the introduction of the euro on 1 January 2007.

The tolar was used for all transactions ( cash and non-cash ) until 31 December 2006 and the euro must be used for all payments ( cash and non-cash ) from 1 January 2007.

However, as with the first wave of EMU, cash payments with the tolar could continue until 14 January 2007, but change had to be given in euro.

The following, including four Asian Tigers and new euro countries, were considered developing countries until recently, and are now listed as advanced economies by the International Monetary Fund:

Although the Euro became the official currency of Austria in 1999, euro coins & notes were not introduced until 2002.

The kroon circulated alongside the euro until 15 January 2011 at which point it ceased to be legal tender.

In 1925, a new monetary system was introduced, 100 groschen to the schilling, which continued in use until replaced by the euro in 2002.

In the case of the euro, coins and banknotes of former national currencies were considered as legal tender from 1 January 1999 until 28 February 2002 ( in some cases ).

Although the euro became the currency of the eurozone countries including Ireland on 1 January 1999, it was not until 1 January 2002 that the state began to withdraw Irish pound coins and notes, replacing them with euro specie.

In 1986, a new coinage was introduced which circulated until replacement by the euro.

A modern unit of account is the European Currency Unit, used in the European Union from 1979 to 1998 ; its replacement in 1999, the euro, was also just a unit of account until the introduction of notes and coins in 2002.

The bank was the issuer of Irish pound banknotes and coinage until the introduction of the euro currency, and now provides this service for the European Central Bank.

It was re-introduced ( in decimal form ) in 1795 and remained the national currency until the introduction of the euro in 1999 ( for accounting purposes ) and 2002 ( coins and banknotes ).

Banknotes of the current series as of euro changeover could be exchanged with the French central bank or with other services until 17 February 2012.

It was in circulation from October 1991 until the introduction of euro in January 2007.

The euro was expected to replace the litas by January 1, 2010, but due to the current rate of inflation and the economic crisis, this date will be delayed for another four years until 1 January 2014.

On 2 February 2002 the litas was pegged to the euro at a rate of 3. 4528 to 1 ; this rate is not expected to change until the litas is completely replaced by the euro.

The pound, also known as the lira ( / plural λίρες and Turkish: lira, from the Latin libra through the Italian lira ), was the currency of Cyprus, including the Sovereign Base Areas in Akrotiri and Dhekelia, until 31 December 2007, when the Republic of Cyprus ( and Malta ) adopted the euro.

Like the pound of 12 troy ounces ( 373 g ), the mark was also used as a unit of currency, e. g. in many Shakespearean plays set in medieval England, and in various incarnations in Germany and Finland until the adoption of the euro in 1999.

The euro was created in 1999 and replaced all previous currencies in 2002.

One example is the 20 euro Baroque Silver coin issued on September 11, 2002.

The markka was replaced by the euro (€), which had been introduced, in cash form, on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as ' book money '.

The dual circulation period – when both the Finnish markka and the euro had legal tender status – ended on 28 February 2002.

The Finnish markka was added into the ERM system in 1996 and then became a fraction of the euro in 1999, physical euro money arriving later in 2002.

* 2002 – The peseta is discontinued as official currency of Spain and is replaced by the euro (€).

CFP franc per US $ 1 – 95. 89 ( 2005 ), 96. 04 ( 2004 ), 105. 66 ( 2003 ), 126. 71 ( 2002 ), 133. 26 ( 2001 ), 117. 67 ( January 2000 ), 111. 93 ( 1999 ), 107. 25 ( 1998 ), 106. 11 ( 1997 ), 93. 00 ( 1996 ), 90. 75 ( 1995 ); note-linked at the rate of 1000 CFP to 8. 38 euro

The euro since 2002.

Note-in Montenegro the euro is legal tender ; in Kosovo both the euro and the Yugoslav dinar are legal ( 2002 )

* European integration makes progress with the definitive circulation of the euro in twelve countries in 2002 and the widening of European Union to 27 countries in 2007.

* The Banknote Museum, located in Aghios Spyridon square, features a complete collection of Greek banknotes from independence to the adoption of the euro in 2002.

* Otmar Issing, The euro after four years: is there a risk of deflation ?, 16th European Finance Convention, 2 December 2002, London, Europäische Zentralbank, Frankfurt am Main

In Belgium, the euro was introduced in 2002.

Hence the first euro coins of Belgium have minted the year 1999 instead of 2002.

The coins minted in Athens for the euro introduction in 2002 as well as all the subsequent Greek euro coins do not carry any mint mark.

After a change in qualification of a part of the liabilities from long-term to short-term in order to get a better interest rate, the stakeholders realized that between 2002 and 2005, France Telecom has to pay back between 5 and 15 billion euro of debt each year.

In Finland, the euro was introduced in 2002.