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EURO

CURRENCY

EURO-the official currency of the


eurozone.
Theeurozoneofficially called theeuro

area,is amonetary unionof 19 of the


28European Union (EU) member
stateswhich have adopted theeuro() as
their common currency and solelegal
tender.
- The eurozone consists of Austria , Belgium,
Cyprus,Estonia,Finland,France,Germany,
Greece,Ireland,Italy,Latvia,Lithuania,
Luxembourg,Malta,Netherlands,
Portugal,Slovakia,Slovenia,andSpain.

-Themonetary authority of the


eurozone is theEurosystem.
-the euro is the second largestreserve
currencyas well as the second most traded
currency in the world after theUnited
States dollar.
-As of August 2014, with more than
995,000,000,000 in circulation, the euro
has the highest combined value of
banknotes and coins incirculation in the
world, having surpassed theU.S. dollar.
- The nameeurowas officially adopted on 16
December 1995.

-The euro was introduced to world


financial markets as an accounting
1 January 1999, replacing
currencyon
the formerEuropean Currency
Unit(ECU) at a ratio of 1:1 (US$1.1743).
- The euro is managed and
administered by theFrankfurtbasedEuropean Central Bank(ECB)
and theEurosystem(composed of
thecentral banksof the eurozone
countries).

EURO SYMBOL:
is a sign of currency running in most of

European Union. Euro has it roots from the


Greek letter epsilon and its a reference to
the cradle of European civilization (Ancient
Greece) and the first letter of the word
Europe, crossed by two parallel lines to
postulate stability of the euro currency. The
European Commission specified a euro logo
with exact proportions and colours, for use in
public-relations material related to the euro
introduction.

EURO NICKNAME: single currency


or fiber.
Coins:
Freq Used: 1, 2, 5cent, 10cent,
20cent, 50cent
Rarely Used: 1cent, 2cent
Banknotes:
Freq Used: 5, 10, 20, 50, 100
Rarely Used: 200, 500

EURO COINS
- There are eight different denominations of euro coins: 0.01, 0.02,
0.05, 0.10, 0.20, 0.50, 1 and 2.
-The eight euro coins vary in size, weight, material, colour and
thickness to facilitate recognition by the blind and the partially
sighted.
-In addition the finish on theedges of the euro coinsis different for
each consecutive denomination.
- The coins have a common European side, designed by Luycx of the
Royal Belgian Mint.
- These common sides feature three designs, each centred on a
different map of Europe against the background of the 12 stars of
the European Union flag.
- The map on the three lowest denominations 0.01, 0.02, and
0.05 cent - shows Europe in relation to the world.
- The 0.10, 0.20 and0.50 cent coins represent the European Union
as a group of individual countries.
- To emphasise the unity of the European Union, the same group is
shown as an integrated whole on the 1 and 2 coins.

Euro coins - Common side


Value

0.0
1

0.0
2

Image
(2007present)

Main
colour

Bronze

Bronze

Secon Diam Thic


Com
Mass Sha
Edg
dary eter kness
positi
(g)
pe
e
colour (mm) (mm)
on

N
o
16.25 1.67
n
e

N
o
18.75 1.67
n
e

2.30

Copp
erRou
Smo
cover
nd
oth
ed
steel

3.06

Copp
erRou
cover
nd
ed
steel

Smo
oth
with
a
groo
ve

0.05

0.10

Bronze

Gold

N
o
21.25
n
e

N
o
19.75
n
e

1.67

Co
ppe
rRou cov Smo
3.92
nd
ere oth
d
stee
l

1.93

Shap
ed
edge
Rou
4.10
Nor with
nd
dic fine
go scall
ld ops

0.20

0.50

Gold

N
o
Nordic
22.25 2.14 5.74 Spanis
Plain
n
gold
h flow
e
er

Gold

Shap
ed
N
edge
o
Nordic
24.25 2.38 7.80 Round
with
n
gold
fine
e
scallo
ps

Outer
part:
nickel bra
ss

1.0
0

2.0
0

Silver

Gold

Gold

Silver

23.25 2.33

25.75 2.20

7.50

8.50

Round

Round

Inner
Interrupted
part:
milled
Layers of
copper-ni
ckel
,
nickel,
coppernickel

Outer
part:
coppernickel
Inner
part:
Layers of
nickel
brass,
nickel,
nickel
brass.

Edge
lettering,
fine milled

EURO BANKNOTES
Euro banknotes exist in seven different

denominations: 5, 10, 20, 50, 100, 200


and 500each having a distinctive colour and
size.
The design for each of them has a common
theme of Europeanarchitecturein
variousartisticperiods.
The front (orrecto) of the note features windows
or gateways while the back (orverso) has bridges.
The architectural examples are stylised
illustrations, not representations of existing
monuments.
Common to all notes are theEuropean flag, the
initials of theEuropean Central Bankin five
versions (BCE, ECB, EZB, , EKP), a map of

-The euro banknote designs were chosen from 44


proposals in a design competition, launched by The
Council of the European Monetary Institute (EMI) on 12
February 1996. The winning entry, created byRobert
Kalinafrom theOesterreichische Nationalbank, was
selected on 3 December 1996.
-(SPECIFICATION)Euro banknotes is 100% pure cotton
fibre, which improves their durability as well as
imparting a distinctive feel.
-(DESIGN)Owing to the ubiquity of countless historic
bridges, arches, and gateways throughout the
continent, all the structures represented on the
banknotes are entirely fictional syntheses of the
relevant architectural styles, merely designed to evoke
the landmarks within theEU, representing various
European ages and styles. For example, the
5banknote has a generic rendition of theClassical

-However, in a survey conducted by the Dutch NCB (De


Nederlandsche Bank), only 2% of the population was able to
identify the theme of the 5, and 1% correctly identified the 50
theme. While the designs are supposed to be devoid of any
identifiable characteristics, the initial designs byRobert Kalina
were of actual bridges, including theRialtobridge inVeniceand
thePont de NeuillyinParis, and were subsequently rendered
more generic; the final designs still bear very close similarities to
their specific prototypes; thus they are not truly generic.
-The design of euro banknotes include several characteristics
suggested in co-operation with organisations
representingblindpeople. These characteristics aid both people
who arevisually impaired(people who can see the banknotes, but
cannot necessarily read the printing on them) and those who are
entirely blind.
-Euro banknotes increase in size with increasing denominations,
which helps both the visually impaired and the blind. The
predominant colouring of the notes alternates between warm
and cool hues in adjacent denominations (see the chart above),
making it still harder to confuse two similar denominations for
those who can see the colour.

-The printing of the denominations isintaglio


printing, which allows the ink to be felt by sensitive
fingers, allowing some people to distinguish the
printed denominations by touch alone. Lower
denominations (5, 10, 20) have smooth bands along
one side of the note containing holograms; higher
denominations have smooth, square patches with
holograms. Finally, the 200 and 500 notes have
distinctive tactile patterns along the edges of the
notes: the 200 note has vertical lines running from
the bottom centre to the right-hand corner, and the
500 note has diagonal lines running down the
right-hand edge.
-Latest Exchange Rates: 1 Euro = 52.648
Philippine Peso
-Latest Exchange Rates: 1 Philippine Peso =

Description of euro banknotes


Domina
Denomi Dimensio
Architectur
nt
Period
Printercode position
nation
ns
e
Colour
5 euro 120 x 62
| 5
mm

Grey

Classical

< 5th
century
left image edge

10
127 x 67
euro |
mm
10

Red

Romanesq 11-12th
ue
centuries
8 o'clock star

20
133 x 72
euro |
mm
20

Blue

Gothic

13-14th
centuries
9 o'clock star

50
140 x
Renaissan 15-16th
euro
Orange
77 mm
ce
centuries
| 50
right image edge
100
euro 147 x
|
82 mm
100

Green

Baroque & 17-18th


Rococo
centuries
right of 9 o'clock star

200
euro 153 x Yellow|
82 mm brown
200

Iron &
Glass

19-20th
centuries
above 7 o'clock star

500
euro 160 x
Purple
|
82 mm
500

Modern

20-21st
centuries
9 o'clock star

Front (recto, obverse)

Value

10

20

Back (verso, reverse)

50

100

200

500

Euro banknotes security


features

EUR
1
5
10
50
100
250
500
1,000
5,000
10,000
50,000
100,000
500,000
1,000,000

EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR

PHP
52.65
263.24
526.48
2,632.41
5,264.81
13,162.04
26,324.07
52,648.14
263,240.70
526,481.40
2,632,407.00
5,264,814.00
26,324,070.00
52,648,140.00

PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP

PHP
1
5
10
50
100
250
500
1,000
5,000
10,000
50,000
100,000
500,000
1,000,000

PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP
PHP

EUR
0.02
0.09
0.19
0.95
1.90
4.75
9.50
18.99
94.97
189.94
949.70
1,899.40
9,497.01
18,994.02

EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR

REPORTERS:
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REJILYN RAMOS
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