1 euro = 100 euro minute. The euro is the most significant achievement of European monetary reform since the Roman Empire. The euro not only makes the European single market more perfect, but also facilitates the free trade among the countries in the euro zone, which is an important part of the EU integration process.

The euro is managed by european system of central banks, which is composed of the European Central Bank and the central banks of the euro zone countries. The European Central Bank, headquartered in Frankfurt, Germany, has the power to independently formulate monetary policy. The central banks of euro zone countries participate in the printing, casting and distribution of euro banknotes and coins, and are responsible for the operation of the euro zone payment system.

Extended data

Euro banknotes (as shown in the figure) are divided into seven denominations of 5, 10, 20, 50, 100, 200 and 500 euros, with different sizes and colors. Each denomination of banknotes shows a European architectural period, a map of Europe and a European flag.

For these seven denominations of banknotes, without exception, the design methods of front doors and windows and back bridges are adopted, which show different architectural styles in different periods in Europe and represent the cultural history of seven different periods in Europe.

Arches and windows symbolize the spirit of openness and cooperation, and the EU's 12 stars represent the strength and unity of European countries. The bridge-shaped building on the back of paper money represents the cooperation and exchange between European countries and between Europe and the world.

Reference source: Baidu Encyclopedia-Europe