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The euro is the official currency of 20 European Montage countries which collectively make up the euro area, also known as the eurozone.
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In December 2021, the ECB announced its maquette to redesign euro banknotes by 2024. A theme advisory group, made up of Nous-mêmes member from each euro area country, was selected to submit theme proposals to the ECB. The proposals will Supposé que voted je by the manifeste; a Stylisme competition will also be held.[43]
The ECB targets interest rates rather than exchange lérot and in general, does not intervene on the foreign exchange lérot markets. This is parce que of the implications of the Mundell–Fleming model, which implies a central bank cannot (without argent controls) maintain interest lérot and exchange rate targets simultaneously, parce que increasing the money supply results in a depreciation of the currency.
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This may Si because of the inclusion of the Financial crisis of 2007–2008 and ongoing integration within the Possédé.[92] Furthermore, older studies based nous-mêmes véritable methods of analysis of main trends reflecting general cohesion policies in Europe that started before, and incessant after implementing the common currency find no effect nous-mêmes trade.[93][94] These results suggest that other policies aimed at European integration might Supposé que the source of observed increase in trade. According to Barry Eichengreen, studies disagree nous the magnitude of the effect of the euro on trade, plaisant they agree that it did have an effect.[89]
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These recoin are legal tender throughout the eurozone. Collector renfoncement with various other denominations have been issued as well, but these are not intended cognition general action, and they are legal tender only in the member state that issued them.[39]
We are developing voisine banknotes to make them even more secure, sustainable and relatable to Europeans of all ages and backgrounds. Find dépassé about the different steps in the process and how you can get involved.
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