What currency does the EU use?

The euro ( symbol: €; code: EUR) is the official currency of 20 of the 27 member states of the European Union (EU). This group of states is officially known as the euro area or, commonly, the eurozone, and includes about 344 million citizens as of 2023. The euro is divided into 100 cents.

Is the euro a reserve currency?

The euro is the second-most widely held reserve currency after the U.S. dollar. After its introduction on 4 January 1999 its exchange rate against the other major currencies fell reaching its lowest exchange rates in 2000 (3 May vs sterling, 25 October vs the U.S. dollar, 26 October vs Japanese yen ).

Is the euro a single currency?

May 2007. Retrieved 29 December 2008. The euro is the single currency of the member states that have adopted it. To make this singleness apparent, Community law requires a single spelling of the word euro in the nominative singular case in all community and national legislative provisions, taking into account the existence of different alphabets.

What is the symbol for a Euro?

The symbol for the euro is a rounded "E" with one or two cross lines: €. Euros are divided into euro cents, each euro cent consisting of one one-hundredth of a euro.