The Euro is a currency that has emerged, historically, not long ago, but already dictates the climate in the world economy on a par with the US dollar, yen and other "giants" of the international currency market.
Prerequisites for creation
When in the 6th century BC the firstcoins, the ancient Greek city-states immediately began to conclude alliances so that in the territory of any of these cities, all the money they issued could be used.
In 1865, Italy, France, Switzerland andBelgium created the Latin monetary union, which is considered the prototype of the euro system. After the Napoleonic wars, the monetary systems in these countries practically did not differ in any way. Weight, material, sample and denomination, identical for all coins of the countries of the Union, were established, and the metric French monetary system was taken as a basis.
History of appearance
The currency "euro" appeared relatively recently.In 1999, the first non-cash money came into use, and in 2002 cash coins and banknotes were issued. The name of the banknote is formed from the word "Europe", since it is the generally accepted currency of the European Union.
Appearance
All banknotes have a single standard design.On the front side there are various photos of bridges, windows and gates. This symbolizes the relationship and openness. Euro - currency of different denominations, which easily differs in color: it can be purple, yellow, green, blue, red, gray.
But the coins are more original: they have the same front only, and the figure on the back depends on the country in which it was made.
To date, the euro is the currency of the worldvalue, which ranks second on the state reserves, second only to the US dollar. This is very logical, because the total gross product of the countries of the European Union is greater than that of the United States, which used to be traditionally in the first place.
The fact that the euro is a currency that is officiallyis used in all EU countries, is from one point of view its strengths, and on the other - an attenuating factor. It turns out that the value of this monetary unit is based on the level of development of economies of different countries, but this is also its main disadvantage - because the differences in the degree of development of European countries are very significant. Obviously, France, Germany and Italy are much stronger than, for example, Greece or Ireland. Therefore, the value of the euro often fluctuates and requires substantial support from the stronger and richer EU countries.
In the Russian market, European money is most often used as a substitute for the US dollar. The exchange of euro for rubles takes place at the rate: about forty rubles for one euro.
In just 11-12 years, this currency managed very welldevelop and gain worldwide popularity. If the rate increases, then the demand for the euro is always steadily rising. There is also a surge in demand for this currency during the holiday season.
As for bank deposits, last year the rate in euro was between 1.5 and 4.5 percent per annum. On credit, you can take from thousands of euros with an interest rate of 11-15% per annum.
