ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What is the euro? The euro is the monetary unit and currency of the European Union, represented by the symbol €. It began as a noncash monetary unit in 1999 before being issued as currency notes and coins in 2002.

Detailed explanation-2: -The EU countries using the euro, with a focus on the euro area, also known as the eurozone, non-euro area countries, and opt-out countries.

Detailed explanation-3: -European Union – Economy Euro is used as the common currency in the Eurozone. Euro is the 2nd most traded currency in the world.