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euro |
Also found in: Financial, Wikipedia, Hutchinson | 0.03 sec. |
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euro: see European Monetary System European Central Bank (ECB) and a common currency. The ECB, which was established in 1998, is responsible for setting a single monetary policy and interest rate for the adopting nations, in conjunction with their national central banks. ..... Click the link for more information. . euroSingle currency of 15 countries of the European Union (EU), including Germany, France, and Italy. It is also the official currency in several areas outside the EU. The euro was adopted as a unit of exchange in January 1999. Those who advocated the currency believed it would strengthen Europe as an economic power, increase international trade, simplify monetary transactions, and lead to pricing equality throughout Europe. Euro currency notes and coins were introduced in January 2002 and became the sole national currency in all participating countries by March 1. Britain and Sweden decided not to adopt the euro immediately, and voters in Denmark rejected it. EuroSee EMU. 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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Eleven member countries of the European Union are planning to adopt the euro as a single currency, which will be issued in eight coin denominations--2, 5, 10, 20, and 50 euro cents, 1 euro, and 2 euros--and seven-note denominations--5, 10, 20, 50, 100, 200, and 500 euros. NASDAQ: NUAN), a global leader in speech and imaging solutions, today announced that Nuance(R) Mobile speech solutions power the new T-Com voice application, an innovative speech enabled information and entertainment service which is accessible via call completion by German's digital directory assistance 11864 for 79 Euro cent from T-Com's fixed network. TeliaSonera, Orange, Telecom Italia Mobile, Telenor, T-Mobile and Wind, which together have customers representing almost 200 million EU mobile users, have agreed to cap the average wholesale rates they offer each other for providing roaming services at 45 Euro cents per minute from October 2006 and 36 Euro cents per minute from October 2007, lowering current wholesale rates by around half. |
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