euro

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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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

EMU

(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 On January 1, 2002, euro notes and coins were made available, with national currencies withdrawn by March 1 of that year.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:


Austria
Belgium
Cyprus
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Portugal
Slovakia
Slovenia
Spain
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References in periodicals archive ?
Visitors and residents to receive 50 eurocents as change when they shop
The interim dividend is raised by ten per cent to 19 eurocents and the shares dipped 0.21 eurocents to 12.46 euros.
Total stressed that prices at other outlets would come down by only two Eurocents.
German consumers pay 5.28 eurocents per kilowatt hour as a renewable surcharge this year.
In 2011, average retail prices varied between 8.5 and 29.4 eurocents per kWh for electricity, and between 2.8 and 11.7 eurocents per kWh for gas.
but the Euro currency is still around 10 Eurocents off recent highs.
Techno Hose will have an area of 2 hectares in Bunardzik for a rent of 10 Eurocents per sq.
He added, though, that the price of photovoltaic electricity is now 18 eurocents/kW compared with 50 eurocents five years ago; in Southern countries it is around ten eurocents.
Moreover, he considers that the financial envelope allocated to the programme is very "modest" since the "average sum proposed per year and per consumer represents five eurocents, compared to seven eurocents in the previous period".
Ryanair, Ireland's low-cost airline, announced, on 12 January, that it plans to raise the cost of its tickets by 25 eurocents to cover ETS costs, and criticised once again the inclusion of aviation in the EU's Emission Trading Scheme (ETS).