Euro adoption

 

SUMMARY OF:

Regulation (EC) No 974/98 — on the introduction of the euro

Article 140 of the Treaty on the Functioning of the European Union (TFEU)

WHAT IS THE AIM OF THE REGULATION AND OF ARTICLE 140 TFEU?

KEY POINTS

FROM WHEN DOES THE REGULATION APPLY?

It has applied since 1 January 1999.

BACKGROUND

2019 marks the 20th anniversary of the introduction of the euro. On 1 January 1999, 11 EU countries fixed their exchange rates, adopted a shared monetary policy, and launched the euro as a new common currency on world financial markets. Today, the euro is the currency of 19 EU countries.

For more information, see:

MAIN DOCUMENTS

Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro (OJ L 139, 11.5.1998, pp. 1-5)

Successive amendments to Regulation (EC) No 974/98 have been incorporated into the original document. This consolidated version is of documentary value only.

Consolidated version of the Treaty on the Functioning of the European Union — Part Three — Union policies and internal actions — Title VIII — Economic and monetary policy — Chapter 5 — Transitional provisions — Article 140 (ex Articles 121(1), 122(2), second sentence, and 123(5) TEC) (OJ C 202, 7.6.2016, pp. 108-110)

RELATED DOCUMENT

Consolidated version of the Treaty on the Functioning of the European Union — Protocol (No 13) on the convergence criteria (OJ C 202, 7.6.2016, pp. 281-282)

last update 14.02.2019