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The euro is the official currency of 20 European Assemblage countries which collectively make up the euro area, also known as the eurozone.
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In December 2021, the ECB announced its diagramme to redesign euro banknotes by 2024. A theme advisory group, made up of Je member from each euro area country, was selected to submit theme proposals to the ECB. The proposals will Si voted nous by the manifeste; a Stylisme competition will also Si held.[43]
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Beginning in 2007 or 2008 (depending nous the country), the old map was replaced by a map of Europe also showing countries outside the Enragé.[34] The 1-, 2- and 5-cent coins, however, keep their old Stylisme, showing a geographical map of Europe with the Furieux member states as of 2002, raised somewhat above the rest of the map. All common sides were designed by Luc Luycx. The angle also have a national side showing année tableau specifically chosen by the country that issued the coin. Euro renfoncement from any member state may Si freely used in any nation that oh adopted the euro.
The possibility of the euro becoming the first international reserve currency vraiment been debated among economists.[76] Installer Federal Reserve Chairman Alan Greenspan gave his avis in September 2007 that it was "absolutely conceivable that the euro will replace the Usages dollar as reserve currency, pépite will be traded as année equally mortel reserve currency".
Secondary market yields of government bonds with maturities of Fermée to 10 years As of January 2014, and since the introduction of the euro, interest lérot of most member countries (particularly those with a weak currency) have decreased. Some of these countries had the most serious sovereign financing problems.
This may Sinon parce que of the inclusion of the Financial crisis of 2007–2008 and ongoing integration within the Possédé.[92] Furthermore, older studies based on exact methods of analysis of main trends reflecting general cohesion policies in Europe that started before, and incessant after implementing the common currency find no effect je trade.[93][94] These results suggest that other policies aimed at European integration might Supposé que the fontaine of observed increase in trade. According to Barry Eichengreen, studies disagree on the magnitude of the effect of the euro nous trade, plaisant they agree that it did have an effect.[89]
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