01/06/2026
The euro had a soft launch. 💶
On this day in 1998, the European Central Bank (ECB) was established 🏦, months before the euro officially launched and years before anyone could pay with euro banknotes or coins.
So, what does the ECB actually do? 🤑 It is the central bank for the EU countries that use the euro. Its main task is to keep prices stable, helping your money retain its value. It also contributes to safer banks and smoother payment systems.
The euro officially launched in 1999, but banknotes and coins only entered our wallets in 2002. 👛 Today, it is used by 21 EU countries, with Bulgaria becoming the newest member of the euro area on 1 January 2026. 🇧🇬
Did you know that already? 👀