www.universalcurrentaffairs.com

Euro Day - 01 January

Every year on January 1st, Euro Day celebrates the issuance of the monetary unit of the European Union. This monetary unit is called the euro.

The United Nations recognizes 180 currencies used by the Member States throughout the world. We typically refer to currency as money. Currency includes paper, metal coins, banknotes, and cotton. The dollar, peso, franc, yen, and yuan, are all examples of different kinds of currencies.

The world’s oldest currency is the British pound. This type of currency has been around for 1,200 years. The euro is one of the newer types of currency. The euro was born in 1999. However, the notes and coins didn’t begin to circulate until 2002. Currently, 334 million Europeans use the euro on a daily basis. Up until then, countries in Europe used the Dutch guilder.

EURO DAY HISTORY

The League of Nations first discussed the idea of a European currency in 1929. Due to WWI, they tabled the plan. Then in the late 1960s, the European Union and its predecessors began once again discussing a type of currency that every European country could use.

Source: https://nationaldaycalendar.com


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