The common European currency – the euro – celebrates its 25th anniversary this year!
The vision of a shared European currency emerged in the 1960s, but it became a reality just a quarter of a century ago. This milestone occurred on January 1, 1999, when the euro was introduced as an electronic payment method.
Europeans could physically hold the new currency’s coins and banknotes in their hands in 2002 when they entered circulation on January 1. “It is Europe in your pocket” – under this slogan, the largest cash exchange in history occurred 23 years ago!
Today, almost 350 million people across 20 EU countries use the euro every day.
Photo Source: European Commission