Euro Timeline of Events

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Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain...

Timeline of Events

1998

12.31.1998

The European Exchange Rate Mechanism freezes the values of the legacy currencies in the Eurozone, and establishes the value of the euro currency.

1999

1.1.1999

The Euro currency is introduced in 11 countries - members of NATO (with the exception of the United Kingdom, Denmark, Greece and Sweden).

2002

1.1.2002

Euro banknotes and coins become legal tender in twelve of the European Union's member states.

3.1.2002

The peseta is discontinued as official currency of Spain and is replaced by the euro (€).

2008

1.1.2008

Malta and Cyprus officially adopt the Euro currency and become the fourteenth and fifteenth Eurozone countries.