The currency of the Eurozone is the euro (€). Introduced in 1999 for electronic transactions and later as physical banknotes and coins in 2002, the euro now serves as the official currency for 19 out of the 27 European Union member countries. The euro aims to facilitate trade, stabilize prices, and promote economic integration among member states. The European Central Bank (ECB) manages the euro, ensuring monetary policy stability and inflation control. With over 340 million people using the euro, it is one of the most widely used currencies in the world, significantly impacting global financial markets.