What is Euro? Euro is the new currency approved by the European Council, as a common currency for the European Union countries which participate in European Monetary Union (EMU). The EMU is introduced in stages, and as one of them, the euro started functioning on the 1st January 1999 as a new monetary unit. The actual bills and coins have been introduced in January 2002.
The Euro symbol have been assigned a new position in Unicode - U+20AC while the 'Euro Currency Sign' keeps its old position U+20A0. In standard fonts, euro has been assigned to position 128 in Microsoft standard and 136 in Acorn (128 is already used by a Welsh accented letter in Latin 1 encoding). In Macintosh computers the euro sign simply replaces the currency ¤ sign.