Euro Day
Euro Day is held on January 1. European Union. This event in the first decade of the month January is annual.
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On Jan. 1, 1999, the European Union introduced its new currency, the euro. The euro was created to promote growth, stability, and economic integration in Europe. Originally, the euro was an overarching currency used for exchange between countries within the union.
The proportion of international payments made in euros and US dollars is roughly equal and the euro is the world’s second favourite currency for borrowing, lending and central bank reserves. Over half of global green bond issuance is denominated in euro.
Since the euro was introduced in 1999, the average income in the euro area (EA19) has risen from ˆ 20,900 to ˆ33,230 (2020). Over the same time, the percentage of people in employment has risen from 63.6% to 71.8 (2020) %.
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