Ohhh, those beautiful Euros. Aren't they beautiful. These high value banknotes are a treat to the eyes for anyone I am sure! These are also accepted in almost every country of the world where you can easily convert it to the local currency of the particular country. The euro (symbol: €; code: EUR) is the official currency of 19 of the 27 member states of the European Union. This group of states is known as the eurozone or, officially, the euro area, and includes about 343 million citizens as of 2019. The euro is divided into 100 cents. The euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar.
The name "euro" was officially adopted on 16 December 1995 in Madrid. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$1.1743). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by March 2002 it had completely replaced the former currencies.
So here in this post, I am trying to compare the Euro and the Indian Rupee through various factors.
Information | Euro | Indian Rupee |
|---|---|---|
ISO Code | EUR | INR |
Issued By | European Central Bank | Reserve Bank of India |
Highest Denomination | 500 | 2000 |
Banknotes | 500,200,100,50,20,10,5 | 2000,500,200,100,50,20,10,2,1 |
Subunit | Cent | Paise |
Material | Paper | Paper |
Value (As on 16/04/2022) | 1 EUR = INR 82.50 | 1 INR = 0.012 Euro |
Did you know: The name “euro” was agreed at the 1995 European Council meeting in Madrid. The euro symbol € was inspired by the Greek letter epsilon (Є), a reference to the cradle of European civilization. It also stands for the first letter of the word “Europe” in the Latin alphabet, while the two parallel lines running through the symbol signify stability.
Last updated on 16/04/2022
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