EUR (Euro)

The Euro (EUR) is the official currency used by the Eurozone, which consists of 19 European countries that cooperate economically. It was introduced in 1999 to facilitate easier trade and travel within these countries, replacing their individual currencies. The Euro functions like any other currency, used for buying goods, services, and investment. It is managed by the European Central Bank, which aims to keep prices stable and support economic growth. The Euro makes it easier for people and businesses across member countries to conduct transactions without exchanging different national currencies constantly.