Video encyclopedia



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Secrets of the Euro

The euro is the official currency of the European Union and its territories. Currently, 19 of 28 member states use the euro; this group of states is known as the eurozone or euro area. It is the second largest and second most traded currency in the foreign exchange market after the United States dollar. The euro is subdivided into 100 cents.
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  • Administration 

  • Issuing modalities for banknotes 

  • Coins and banknotes 

  • Payments clearing, electronic funds transfer 

  • Currency sign 

  • Introduction 

  • Eurozone crisis 

  • Direct usage 

  • Use as reserve currency 

  • Currencies pegged to the euro 

  • Optimal currency area 

  • Transaction costs and risks 

  • Price parity 

  • Macroeconomic stability 

  • Trade 

  • Effect on interest rates 

  • Flexible exchange rates 

  • Against other major currencies 

  • Political considerations 

  • Linguistic issues