The Euro is the official currency of the Eurozone, which consists of 19 of the 27 member states of the European Union. Introduced in 1999, it was designed to facilitate trade and economic stability among its members by providing a common currency. The Euro is symbolized by '€' and is one of the most widely used currencies in the world.
As a significant part of the global economy, the Euro plays a crucial role in international trade and finance. It is managed by the European Central Bank, which oversees monetary policy and aims to maintain price stability across the Eurozone. The Euro's adoption has fostered closer economic ties among European nations.