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Belgium and the euro

03 February 2008
by eub2 -- last modified 03 February 2008

Belgium is a founding member of the European Union and was one of the first-wave EU countries to adopt the euro on 1 January 1999.


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Belgium at a glance

Surface area: 30 530 km2
Population: 10 511 382 (Eurostat 2006)
Joined the European Union: founding member (25 March 1957)
Currency: euro since 1 January 1999 (formerly Belgian franc, BEF)

Euro information

Status: Euro-area member since 1 January 1999

Fixed conversion rate: €1 = 40.3399 BEF

Adoption of the euro: The euro banknotes and coins were introduced in Belgium on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The dual circulation period – when both the Belgian franc and the euro had legal tender status – ended on 28 February 2002.

Exchange of former national currency: The Banque nationale de Belgique – Nationale Bank van België (National Central Bank of Belgium) exchanged national coins until 31 December 2004 and will continue to exchange national banknotes for an unlimited period.

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