Article 2
As from 1 January 1999 the currency of the participating Member States shall be the euro. The currency unit shall be one euro. One euro shall be divided into one hundred cent.
Council Regulation (EC) No 974/98 PART II
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Article 3
The euro shall be substituted for the currency of each participating Member State at the conversion rate.
Article 4
The euro shall be the unit of account of the European Central Bank (ECB) and of the central banks of the participating Member States. PART III TRANSITIONAL PROVISIONS
Back to Council Regulation (EC) No 974/98 — full text
Articles on this page are reproduced verbatim from official open data. See the attribution line.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
What to look at next
Council Regulation (EC) No 974/98, full textChapter navigation and full text, so you can read this section in contextEuropean Union legislationEU Legal Acts by type and yearGrouped by instrument type and year of enactment, so you can find others of the same kindBrowse by type and yearEuropean Union: what this database coversWhich datasets are here, which official source they come from, and how current they areEuropean Union overview