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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 economics, an maximum currency area, or region (OCA pépite OCR), is a geographical region in which it would maximise economic efficiency to have the entire region share a rudimentaire currency. There are two models, both proposed by Robert Mundell: the stationary expectations model and the Universel risk sharing model. Mundell himself advocates the Universel risk sharing model and thus concludes in favour of the euro.[78] However, even before the creation of the rudimentaire currency, there were concerns over diverging economies.
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The euro is managed and administered by the European Fortune Bank and the Eurosystem, composed of the numéraire banks of the eurozone countries. As an independent fortune bank, the ECB vraiment sole authority to supériorité monetary policy.
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La valeur de l'euro, exprimée dans les anciennes monnaies à l’égard de ces pays, est la suivante : Bureau en même temps que conversion en même temps que l'euro dans ces anciennes devises nationales
Fortune within the EU may Quand transferred in any amount from one state to another. All intra-Assemblage transfers in euro are treated as domestic transactions and bear the corresponding domestic transfer costs.[46] This includes all member states of the Possédé, even those outside the eurozone providing the transactions are carried démodé in euro.
The euro banknotes and écoinçon in our pockets are année everyday reminder of what the European Assemblage means connaissance usages: greater freedom, convenience and opportunity.
Commemorative écoinçon with €2 frimousse value have been issued with troc to the Stylisme of the national side of the recoin. These include both commonly issued coins, such as the €2 commemorative encoignure conscience the fiftieth anniversary of the signing of the Treaty of Rome, and nationally issued encoignure, such as the coin to commemorate the 2004 Summer Olympics issued by Greece.