The euro - the currency of world renown

euro - a currency that has emerged, by the standards of history, not so long ago, but it dictates the climate in the global economy on a par with the US dollar, the yen and other "giants" of the international currency market.

BACKGROUND

When in the sixth century BC, were the first coins, ancient Greek city-states immediately began to make alliances, to the territory of any of these cities could use all the money issued by them.

most famous attempt to universalization of the monetary system was the Hanseatic League, which existed in the thirteenth-sixteenth centuries.It consisted of 70 to 170 states at different times.In 1379, there was monetary union, which provided a single sample coinage, which were adopted in the major Hanseatic cities.

In 1865 Italy, France, Switzerland and Belgium was created Latin Monetary Union, which is considered the prototype of the euro system.After the Napoleonic Wars, monetary systems in these countries does not differ.Installed weight, material, and the denomination of the sample are the same for all coins of the Union, and was based on the metric the French monetary system.

story of

currency "euro" appeared relatively recently.In 1999, first came into use non-cash money, and in 2002 were issued cash notes and coins.Banknote name derived from the word "Europe", as it is a common currency of the European Union.

Appearance

All notes have a uniform standard design.The front side shows various pictures of bridges, windows and gates.It symbolizes the relationship and openness.The euro - the currency of different denominations, which can be easily distinguished by color: it can be purple, yellow, green, blue, red, gray.

But coins are made more original: they have the same only the front part, and drawing on the back depends on the country in which it was made.

Economic characteristics

Today, the euro - the currency of world importance, which ranks second in the state reserves, second only to the US dollar.This is logical, because the total gross domestic product of the European Union more than the United States, which have traditionally been used to in the first place.

fact that the euro - a currency that is officially used in all EU countries, is the one in terms of its strengths, and the other - debilitating factor.It turns out that the value of this currency is based on the level of development of the economies of different countries, but it is the same and its main drawback - in fact differences in the degree of development of the European countries are quite significant.It is clear that France, Germany and Italy are much stronger than, for example, Greece or Ireland.Therefore, the value of the euro fluctuates often and requires substantial support from the more powerful and wealthy countries of the EU.

Euro Russian

In the Russian market the European money is most often used as a substitute for the US dollar.Currency exchange euros for rubles is happening at the rate: about forty rubles for one euro.

total of 11-12 years, the currency managed very well developed and have worldwide popularity.If the rate increases, the demand for the euro has always consistently increased.There has also been a surge in the need for that currency in the holiday season.

As for bank deposits, then last year Eurocurrency rate ranged from 1.5 to 4.5 percent per annum.The loan can be taken from a thousand euros with an interest rate of 11-15% per annum.