Updated August 28, 2020 |
Infoplease Staff
Table of contents
On Jan. 1, 1999, eleven European countries began using the euro electronically, as a denomination for debt issues and bank accounts. The actual notes and coins entered circulation on Jan. 1, 2002. The conversion rates for the participating currencies were fixed as follows.
| 13.76 | Austrian schillings |
| 40.34 | Belgian francs |
| 2.20 | Dutch guilders |
| 5.95 | Finnish markkas |
| 6.56 | French francs |
| 1.96 | German marks |
| 340.75 | Greek Drachma |
| 0.79 | Irish punts |
| 1,936.27 | Italian lire |
| 40.34 | Luxembourg francs |
| 200.48 | Portuguese escudos |
| 166.39 | Spanish pesetas |
| Definitions of Gold Terminology | Currency |
