Euro

Originally, the term for a deposit made outside one's home country but denominated in the home country currency. This terminology is confusing now since the new European Currency Unit, also called the Euro, was introduced on January 1, 1999. Bloomberg Financial Dictionary

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The Euro is Europe's new unit of currency that was officially launched in January 1999 in eleven countries in the European Union. All of the national notes and coins in the relevant countries will ceased to be legal tender by the end of February 2002, however, banks will continue to accept them until 2004. Britain has not yet signed up to the referendum to adopt the Euro and therefore still keeps the pound.

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Euro Eu‧ro [ˈjʊərəʊ ǁ ˈjʊroʊ] also euro noun [countable] FINANCE

the currency of many countries of the European Union, :

• the value of the Euro against the dollar

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   The EU's single currency introduced in 1999 by the 11 Eurozone countries that joined stage three of EMU.

   ► See also EMU, Eurozone.

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euro UK US (also Euro) /ˈjʊərəʊ/ noun MONEY

► [C] the unit of money used in most countries in the European Union: »

The company said that the bonds would be issued in euros.

● the euro — Cf. the euro