euro


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Related to euro: European Union

euro

the European currency unit, a single currency for certain members (not the UK at the time of writing) of the EUROPEAN UNION. It represents progress towards economic and monetary union. The currency is managed by the EUROPEAN CENTRAL BANK.
References in periodicals archive ?
For example, euro interest rate swaps entered into originally to protect profits against unexpected euro rate rises would not be helpful in
At that time, Dutch banks would have scrambled to retain Dutch resident euro deposits fleeing for safety into foreign euro accounts (where they could not be forcibly transformed into Dutch euros).
There would have to be a multilateral agreement about how to deal with euro banknotes outstanding and non-resident euro deposits and loans in each member banking system (on the assumption that decrees re-creating national monies apply only to resident clients).