The euro (currency sign: €; currency code: EUR) is the official currency of 16 out of 27 member states of the European Union (EU). The states, known collectively as the Eurozone are: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The currency is also used in a further five European countries, with and without formal agreements and is consequently used daily by some 327 million Europeans.
As of November 2008, with more than €751 billion in circulation (the equivalent of about US$ 953 billion ), the euro is the currency with the highest combined value of cash in circulation in the world, having surpassed the U.S. dollar. Based on IMF estimates of 2008 GDP and purchasing power parity among the various currencies, the Eurozone is the second largest economy in the world.
The name euro was officially adopted on 16 December 1995. The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1. Physical coins and banknotes entered circulation on 1 January 2002.
U skladu sa Odlukom o izmenama i dopuni Odluke o uslovima i načinu rada deviznog tržišta ("Službeni glasnik", br. 63/2008 od 26. juna 2008. godine), Narodna banka Srbije svakog svog radnog dana do 14.00 časova objavljuje na svom sajtu podatak o indikativnom kursu dinara prema evru izračunatom na osnovu podataka iz izveštaja banaka o neposrednoj spot trgovini - spot prodaji drugoj banci i spot kupovini od druge banke deviza (evra), uključujući i spot trgovinu u okviru svop poslova, koje su zaključene do 12.30 časova tog dana.
Takođe, svakog svog radnog dana do 18.00 časova Narodna banka Srbije objavljuje podatak o zvaničnom srednjem kursu dinara prema evru, koji se primenjuje od 8.00 časova narednog radnog dana. Napomena: Za vikend, tj. subotu i nedelju važi kursna lista od petka.