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1. The basic monetary unit of many members of the European Union (introduced in 1999); in 2002 twelve European nations (Germany, France, Belgium, Luxembourg, the Netherlands, Italy, Spain, Portugal, Ireland, Greece, Austria, Finland) adopted the euro as their basic unit of money and abandoned their traditional currencies; Slovenia joined in 2007
   - EUR

1. Europe, European, European Union

Derived forms: euros

See also: Euroland, Eurozone

Type of: monetary unit

Encyclopedia: Euro-