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The euro is the official currency of the European Union. It is also the second most traded currency in the world after the United States dollar. The euro is divided into 100 cents. The euro was introduced in 1999. The euro is used by over 320 million people every day. It is the official currency of 19 of the 28 member states of the European Union, as well as 6 non-EU countries. The euro is also the currency used by the European Central Bank and the International Monetary Fund. The euro is the second largest reserve currency in the world after the United States dollar. The euro is also the second most traded currency in the world after the United States dollar. The euro is the official currency of the following countries: - Austria - Belgium - Cyprus - Estonia - Finland - France - Germany - Greece - Ireland - Italy - Latvia - Lithuania - Luxembourg - Malta - the Netherlands - Portugal - Slovakia - Slovenia - Spain - Andorra - Monaco - San Marino - Vatican City The euro is also the official currency of the following non-EU countries: - Kosovo - Montenegro - Montenegro - San Marino - Andorra The euro is also used in the following microstates: - Akrotiri and Dhekelia - Gibraltar - Guernsey - the Isle of Man - Jersey The euro is also used in the following dependent territories of EU member states: - the Azores - the Canary Islands - the French Guiana - the Guadeloupe - the Martinique - the Mayotte - the Réunion - the Saint Barthélemy - the Saint Martin - the Saint Pierre and Miquelon - the Spanish city of Melilla - the Spanish city of Ceuta The euro is also used in the following dependent territories of non-EU member states: - the Faroe Islands - Greenland - the Netherlands Antilles The euro is also used in the following special territories of EU member states: - the Azores - the Canary Islands - the French Guiana - the Guadeloupe - the Martinique - the Mayotte - the Réunion - the Saint Barthélemy - the Saint Martin - the Saint Pierre and Miquelon The euro is also used in the following special territories of non-EU member states: - the Faroe Islands - Greenland - the Netherlands Antilles The euro is also used in the following crown dependencies of the United Kingdom: - Guernsey - the Isle of Man - Jersey