What do you need to get by in life? A roof over your head, food on the table, and maybe a little bit of pocket money to enjoy the occasional night out. But what if you only had 20 euros to your name? In this blog post, we’ll explore the essentials of the 20 euros.
Euros in different countries
When it comes to the euro, there is no one-size-fits-all answer. Each country has its own rules and regulations regarding the use of the euro.
In some countries, such as Germany, Austria and Belgium, the euro is the only legal tender. This means that all prices are listed in euros and you can only pay with euros.
In other countries, such as Spain and Greece, the euro is the official currency but you may also be able to pay with other currencies, such as credit cards or US dollars.
It’s always a good idea to have some euros on hand when travelling in Europe, even if your home currency is accepted in some places. That way, you’ll be prepared for any situation.
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20 euros to dollars
Assuming you would like a conversion rate from Euros to US Dollars:
1 Euro = 1.13 US Dollars as of 01/02/2019
To convert Euros to US Dollars, divide the number of Euros by 1.13. For example, 100 Euros would be equal to 100/1.13= 88.50 US dollars.
20 euros and the economy
The euro is the official currency of the European Union (EU) and is used by 19 of the 28 member states. With more than 337 million people using it as their currency, the euro is the second largest reserve currency in the world after the US dollar.
The euro was introduced in 1999 as a single currency for 11 of the then 15 EU member states. Greece joined in 2001, followed by Slovenia in 2007 and Cyprus and Malta in 2008. Slovakia adopted the euro in 2009, Estonia in 2011, Latvia in 2014 and Lithuania in 2015. The United Kingdom (UK) and Denmark have opt-outs from adopting the euro.
There are currently seven different denominations of euro banknotes: €5, €10, €20, €50, €100, €200 and €500. There are eight different coins: 1c, 2c, 5c, 10c, 20c, 50c ,€1 and €2.
While 18 EU countries have adopted the euro as their sole currency, Denmark, Sweden and the United Kingdom have chosen to keep their own currencies – although all three countries are required to adopt the euro eventually.
So there you have it, the essentials of what you need in your 20 euros. With this list, you’ll be sure to have everything you need for a great time out on the town. And who knows, maybe you’ll even save a little money along the way. Thanks for reading and happy shopping!
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