The EUR, or Euro, is the official currency used by 19 of the 27 countries in the European Union. It was introduced in 1999 and has become one of the most widely traded currencies in the world. The Euro helps facilitate trade and travel among member countries, making it easier for people to buy goods and services across borders without needing to exchange money. Each Euro is divided into 100 cents, and the currency symbol is €. The European Central Bank manages the Euro, ensuring its stability and value. The Eurozone, which includes countries like Germany, France, and Italy, benefits from a shared currency that promotes economic cooperation and growth.