euro


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Related to euro: European Union

euro:

see European Monetary SystemEuropean Monetary System,
arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabilize foreign exchange and counter inflation among members.
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euro

the official currency unit, divided into 100 cents, of the member countries of the European Union who have adopted European Monetary Union; these are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portgual, and Spain; also used by Andorra, Bosnia and Hercegovina, French Guiana, Guadeloupe, Kosovo, Martinique, Mayotte, Monaco, Montenegro, R?union, San Marino, and the Vatican City
References in periodicals archive ?
The new currency (florins) would be acceptable on a 1:1 basis in settlement of all amounts due in euros to government departments and public utilities.
At the start of Stage 2 (January 1, 2008), 1:1 convertibility of euros to florins at the Dutch central bank would be suspended indefinitely.
For the first year of Stage 2 the public sector and utilities would still accept euros in settlement of florin invoices, with translation made on the basis of a reference exchange rate for the relevant period).