Luxembourg and the euro
04 February 2008by eub2 -- last modified 04 February 2008
Luxembourg 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.
Advertisement
Luxembourg at a glance
Surface area: 2 590 km2
Population: 459 500 (Eurostat 2006, provisional figure)
Joined the European Union: founding member (25 March 1957)
Currency: Euro since 1 January 1999 (formerly Luxembourg franc, LUF)
Euro information
Status: Euro-area member since 1 January 1999.
Fixed conversion rate: €1 = 40.3399 LUF
Adoption of the euro: The euro banknotes and coins
were introduced in Luxembourg 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
LUF and the euro had legal tender status – ended on 28 February 2002.
Exchange of former national currency: The Banque centrale du Luxembourg
(National Central Bank of Luxembourg) exchanged national coins until 31
December 2004 and will continue to exchange national banknotes for an
unlimited period.
Opinion polls and surveys
- Public opinion and the single currency (Eurobarometer website)
Websites
National websites
- The euro on the Central Bank of Luxembourg website (also in English)
-
Archived websites on the euro
Institutions
- Banque centrale du Luxembourg (Central Bank of Luxembourg, also in English)
- Ministère des finances (Ministry of Finance)
Business
- Euro Info Centres Luxembourg
- Association de banques et banquiers, Luxembourg (Luxembourg Banking and Bankers’ Association, also in English)
Consumers
-
Union Luxembourgeoise des Consommateurs - ULC (Luxembourg Consumers' Union)
Source: European Commission