r-oh, yur‑]
(sometimes initial capital letter ) the official common currency of 12 European Union nations (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain). In 1999 the euro was adopted by 11 of these nations as an alternative currency in noncash transactions. In 2002 it was adopted by Greece, and in that year it replaced the 12 national currencies. Symbol: € |

eu·ro or Eu·ro (yŏŏr'ō) n. pl. eu·ro or Eu·ro or eu·ros or Eu·ros See Table at currency. [After Europe.] |
The common currency used in eleven countries of the European Union (Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, The Netherlands, Portugal, and Spain). The euro became the official currency of these nations in 1999, but nations were not obliged to phase out their existing currencies until 2002. The expectation is that introduction of the euro will stimulate cross-border investment by eliminating fluctuating exchange rates.
euro