The symbol "€" represents the euro, the official currency of the European Union. Introduced in 1999, the euro is used by 19 of the 27 EU member countries, collectively known as the Eurozone. It was created to facilitate trade and economic stability among member nations. The euro is divided into 100 cents and is one of the most widely traded currencies in the world. It is managed by the European Central Bank, which oversees monetary policy for the Eurozone. The euro symbol is often used in financial transactions, pricing, and economic reports across Europe.