Introduction of the Euro

Date: January 1, 1999 • Location: Athens, Greece

The Euro currency is introduced in 11 member nations of the European Union (with the exception of the United Kingdom, Denmark, Greece and Sweden).

The euro is the official currency of 21 of the 27 member states of the European Union. This group of states is officially known as the euro area, more commonly named the eurozone. Each euro is subdivided into 100 cents.