The euro is divided into 100 cents (sometimes referred to as eurocents). All euro coins (including the €2 commemorative coins) have a common side showing the denomination (value) with the EU-countries in the background and a national side showing an image specifically chosen by the country that issued the coin. Euro coins from one country can be used in another country that uses the euro; it does not matter from which country the coin originated.
The euro coins are €2, €1, 50c, 20c, 10c, 5c, 2c and 1c, though the latter two are not minted in Finland or the Netherlands (but are still legal tender). Many shop owners in all of the Eurozone prefer having all their prices end in 0c or 5c, so that 1c and 2c coins are not needed.
All euro banknotes have a common design for each denomination on both sides. Notes are issued in €500, €200, €100, €50, €20, €10, €5. Some of the higher denominations, such as €500 and €200, are not issued in a few countries, though are legal tender.
The ECB has set up a clearing system for large euro transactions (TARGET). All intra-Eurozone transfers shall cost the same as a domestic one. This is true for retail payments, although several ECB payment methods can be used. Credit card charging and ATM withdrawals within the Eurozone are also charged as if they were domestic. The ECB hasn't standardized paper based payment orders, such as cheques; these are still domestic-based.
2006-12-19 22:09:06
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answer #1
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answered by Anonymous
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We use them here in Ireland. They look like monopoly money too :0)
One hundreth of a Euro is a cent.
2006-12-19 22:03:07
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answer #3
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answered by marykin 4
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The euro is dividend into a hundren cents (or eurocents) similar to the U.S. dollar.
Good Luck!!!
2006-12-19 22:05:07
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answer #4
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answered by Anonymous
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