Today , the euro is a global currency .

Description This coin was issued on the occasion of the International Year of Astronomy .

After all, international use of the currency has been growing exponentially.

In a globalised financial system the existence of a new international currency is of paramount importance .

However , the use of the euro as an international currency remains most prominent in countries neighbouring the euro area .

An appropriate reserve currency and adequate international liquidity represent another central concern.

A second feature of the international role of the euro is that it is partly driven by the euro area itself .

The initial situation of the euro as an international currency is , having regard to the factors considered , solid .

Management of financial crises In the field of crisis management , the ECB contributed to the work of the international community , inter alia via the EFC . These contributions were based to a large extent on the continuous monitoring and assessment both of international financing and adjustment packages and of private sector involvement in systemically important emerging market economies , such as Argentina and Turkey .

No one today has been able to exert authority systematically and consistently, and there is no officially sanctified and controlled international currency.

Moreover , the currency 's international role is geographically concentrated in regions that are close to the euro area .

The degree of openness of an economic area is also a relevant factor as regards the international impact of its currency .

The international dimension of the euro and its use as a reserve and transaction currency are on the rise .

From a policy perspective , the Eurosystem has adopted a neutral stance on the international use of its currency .

Apart from this encouraging , albeit incipient , base , how will the euro perform as an international reserve currency ?

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Indeed , what better fate can there be for a European currency than to end its days by becoming part of the euro , our great international currency , to which the peseta has passed on a valuable , positive experience ?

The necessary conditions for a currency to become international are based on two broad factors low risk and large size .

It has become the second most important international currency behind the US dollar , which has a more extensive global reach .

For the analysis of the international role of the euro as an investment currency , the required data broken down by currency shall be made available on a semi annual basis as laid down in Table 6 of Annex II .

It presents the current state of the internationalisation of the euro , identifying the main developments and underlying trends as regards the role of the euro as an international financing currency , as a reserve currency and as a settlement or invoicing currency of trade .

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Money an asset accepted by general consent as a medium of exchange .

The euro banknotes and coins have enhanced the role that the euro is playing as an international currency since 1 January 1999 .

The European currency will become a currency in its own right .

The requirements for the single currency area correspond to international standards as amended by international agreement .

As a contribution to the annual review of the international role of the euro , statistical data on transactions and positions in debt securities broken down by currency are needed to assess the role of the euro as an investment currency .

Currency of issuance Definition The currency of issuance is defined as the currency denomination of the security .

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Euro Minimum size