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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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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005


(Economic and Monetary Union) The consolidation of European currencies into one monetary unit called the "euro," which phased in on January 1, 1999. Accounting systems that dealt with the currencies of the participating countries had to deal with both native and euro values. On January 1, 2002, euro notes and coins were made available, with national currencies withdrawn by March 1 of that year. Public and private companies spent more than $150 billion (USD equivalent) modifying their information systems. As of January 1, 2015, the following countries use the euro:

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References in periodicals archive ?
Kniha Euro: ano/ne prinasi uceleny pohled na problematiku eura a moznosti jeho zavedeni v CR a velmi dobse poslouzi tem, ktesi se s timto okruhem problemu chteji blize seznamit; vzhledem k jejimu sirokemu zaberu, hloubce poznani a logickemu vykladu se z ni urcite stane vitany studijni material nejen pro odborniky a vysokoskolske studenty, ale i pro laickou verejnost.
Bulgaria alsoA was at the bottom of the EU-28 ranking with net earnings of EURA 8,000 irrespective of whether the couple had two children or not.
"This was our aim when working with Eura." A management survey at Eura, which was established in 1987, identified 42 separate items in need of attention.
In the first seven months of 2014, Bulgariaas trade deficit grew to EURA 1.684A B equivalent to 4.2% of projected 2014 GDP, compared with a shortfall of EUR 1.507 B or 3.8% of GDP in the equivalent period of 2013.
The above milestones are a reason for UCB to confirm its expectations thatA CimziaA is on track to generate EURA 1.5 billion (USD 2bn) in globalA sales by 2020.