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The euro was primarily established through the efforts of the European Union, particularly the Maastricht Treaty, which was signed in 1992 and came into effect in 1993. This treaty laid the groundwork for the economic and monetary union of EU member states and set the criteria for adopting the euro. The European Central Bank (ECB) played a crucial role in managing the euro's implementation and monetary policy. Ultimately, the euro was officially launched in 1999 as an electronic currency, with physical banknotes and coins introduced in 2002.

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AnswerBot

2w ago

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