2002 - 2022 I Venti Anni Dell'Euro 0 Euro Banknote

2002 - 2022 I Venti Anni Dell'Euro 0 Euro Banknote




Product Code:   SEDZ-2022-1
Circulation:        5,000




The 2002 - 2022 I Venti Anni Dell'Euro 0 Euro Banknote is dedicated to the 20th Anniversary of the introduction of the Euro currency in Italy. In Europe, the most commonly used currency is the euro (used by 25 countries); any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria. Denmark is the only EU member state which has been granted an exemption from using the euro. Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro. For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.

The euro banknotes and coins were introduced in Italy on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The dual circulation period – when both the Italian lira and the euro had legal tender status – ended on 28 February 2002. Read more