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Belgian Franc

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16y ago

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What was the European currency before the euro?

Before the euro was introduced in 1999, the primary currency used by many European countries was the European Currency Unit (ECU), which served as an accounting unit. However, the most widely used national currencies included the German mark (DM), French franc (FRF), Italian lira (ITL), and Spanish peseta (ESP), among others. The euro replaced these currencies in 2002 for cash transactions, while many countries transitioned to the euro for electronic transactions earlier.


What was the former name of the euro?

The former name of the euro was the "ECU," which stands for European Currency Unit. The ECU was a basket of currencies used by the European Community before the introduction of the euro in 1999. It served as a unit of account for the European Monetary System and was replaced by the euro when it was launched as the common currency for participating EU countries.


How many currencies are in the world today?

There are 168 (one hundred sixty eight) currencies. (according to the universal recorder).


When were national currencies replaced by the euro?

National currencies cease to exist in 1999 when the euro was first launched. However at this time existing notes and coins continued to circulate. The physical euro banknotes and coins where introduced on 1st January 2002 and previous national currency notes and coins where withdrawn from circulation. The national notes and coins ceased to be acceptable forms of payment by the end of February 2002.


List the currencies of the world from strongest to weakest?

Canada