HowStuffWorks "How the Euro Works"
[http://www.howstuffworks.com/] SUBSCRIBE Adventure Animals Auto Culture Entertainment Health Home & Garden Lifestyle Money Science Tech Video Shows Quizzes Business Economics Jobs Personal Finance Home / Money / Economics / Currency How the Euro Works by Lee Ann Obringer Page 1 Introduction to How the Euro Works 2 Designing the Euro 3 Bank-note Designs 4 Coin Designs Euro pictures National currencies are vitally important to the way modern economies operate. They allow us to consistently express the value of an item across borders of countries, oceans, and cultures. Wealth can be easily stored or transported as currency. Currencies are also deeply embedded in our cultures and our psyche. Think about how familiar you are with the price of things. If you've grown up in the United States, you think of everything in "dollars," just like you think about distances in inches and miles. On January 1, 2002, the euro became the single currency of 12 member states of the European Union . This will make it the second largest currency in the world (the U.S. dollar being the largest). It will also be the largest currency event in the history of the world. Twelve national currencies will evaporate and be replaced by the euro. In this article, we'll look at the monumental task of changing 12 countries' entire monetary systems to a new, single system, and why this change was implemented. Launch Video Print Cite This! Close Please copy/paste the following text to properly cite this HowStuffWorks article: Obringer, Lee Ann. "How the Euro Works" 01 January 2002. HowStuffWorks.com.
14 August 2014. Citation & Date Feedback Page 1 Introduction to How the Euro Works 2 Designing the Euro 3 Bank-note Designs 4 Coin Designs 5 Where Did the Idea Come From? 6 Planning the Transition 7 Participating Countries 8 Economic Requirements for Participation More To Explore Most Popular Most Watched Don't Miss Stuff You Should Know: Demystifying Your World Stuff Mom Never Told You: All Things Women and Gender Stuff You Missed in History Class: Fact or Fiction? CHECK OUT OUR PODCASTS HOWSTUFFWORKS NEWSLETTER THE LATEST AND GREATEST SUBSCRIBE HOWSTUFFWORKS Adventure Animals Auto Culture Entertainment Health Home & Garden Lifestyle Money Science Tech MORE STUFF Blogs HSW Tools RSS Maps Podcasts Quizzes Newsletters Video HSW Brazil HSW China STUFF WEBSITES BrainStuff CarStuff Fw:Thinking Stuff Mom Never Told You Stuff of Genius Stuff They Don't Want You to Know Stuff to Blow Your Mind Stuff You Missed in History Class Stuff You Should Know CUSTOMER SERVICE Advertising Contact Us Help CORPORATE About Us Careers @ HSW Privacy Policy Visitor Agreement TAKE US WITH YOU FOLLOW US Copyright © 1998-2014 HowStuffWorks, a division of InfoSpace LLC