2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Euro is the official currency of the European Union, which appeared not so long ago. The article will tell about the history of its appearance, and also pay special attention to the 1 euro coin.
History of the Euro
First, a little history: the very name of the currency - the euro - was put into circulation in 1995 in Madrid; and on the first day of 1999, the single currency of the European Economic and Monetary Union itself appeared, which has since been an independent monetary unit and one of the main reserve (world) currencies. Euro banknotes and coins were put into circulation in 2002. They are in circulation in 18 countries of the world: Germany, Italy, Spain, Luxembourg, France, Ireland, Holland, Belgium, etc.
General points in coin design
In 1996, the Council of the European Monetary Institute announced a competition to develop the best design of a common European currency, in which representatives of 44 countries participated. The winner was the Austrian artist Robert Kalina. In honor of an outstanding compatriotAustrians today call the euro "viburnum". For the euro, a single symbol was developed, the basis of which is the Greek letter "epsilon", and the lines crossing it mean the stability of the currency. As for the reverse (back side of the coin) - it is the same for all coins and indicates the denomination.
Individual features of one euro coin
On all coins of the considered denomination there is a pattern containing 12 stars, which means the number of eurozone countries, as well as the year of issue. However, each of the participating countries could place any image on the obverse. So, the project of the Italians, based on the work of Leonardo da Vinci, turned out to be the most elegant. Ireland placed on the coins the image of the Celtic harp, while the Austrians have a portrait of Mozart. A coin with the image of a great composer can be a wonderful souvenir brought from this country. The coins, which depict Europe without borders, have a certain thickness and amount to 100 cents. The diameter of the coin is 23.25 mm, the thickness is 2.125 mm, and its weight is 7.50 g.
Interesting facts about euro coins
Euro coins are common and legal tender in any EU country. It took 5 years to mint a new currency, and its amount amounted to 50 billion new coins. If you put them in a column, then its height will exceed the tallest building in London, Canary Wharf, by half a million times, and the total weight of banknotes issued, for example, by France, will be three times the weight of the Eiffel Tower. Funny incidents arose with the introduction of the currency.
In Italy, a new model of purse is produced and enjoys great popularity - "porto-euro", especially suitable for coins, which led to an increase in production and sales of leather goods factories. It is noteworthy that 1 euro was the only Italian coin that did not participate in the voting for the best design, because the Minister of Economy single-handedly decided that Leonardo da Vinci would be depicted on it. The Belgians turned out to be the most conservative, depicting the profile of the king on the coins. Of particular interest are 1 euro coins for numismatists, as they are minted in a small number. Their market value in the auction sense exceeds the price of the kit by more than 100 times. For example, the coins of the Vatican, which depict Pope John Paul II, are valued at 670 million euros. In addition, almost everyone can find a smooth yellow-white coin with a face value of 1 euro in their purse. It is generally accepted that its owner with the help of such a talisman will always be with money. And one more interesting fact (in case of force majeure outside the homeland). According to travelers who recently returned from a trip to Europe, some devices there accept a two-ruble coin for 1 euro (may the countries of the Eurozone forgive us) …
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