euro

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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 ?
Thus, bank deposits and other debts outstanding to non-residents in euros for example would not in general be subject to forced conversion.
Dutch resident deposits in euros with Dutch banks and Dutch bank loans to Dutch residents would not have been in balance except by chance at the time of exiting EMU.
Long-term interest rates might jump immediately on Dutch euros and inflict loss on banks' holdings of long-maturity loans at fixed interest rates.