Professional Documents
Culture Documents
Prepared By: Akanksha Jain Ambika Gupta Prateek Gupta
Prepared By: Akanksha Jain Ambika Gupta Prateek Gupta
UNION(EMU)
PREPARED BY:
Akanksha Jain
Ambika Gupta
Prateek Gupta
INTRODUCTION
►EMU is the agreement among the
participating member states of the
European Union to adopt a single hard
currency and monetary system.
► In 1999 the currency was born virtually and in 2002 notes and
coins began to circulate.
CONVERGENCE CRITERIA
► Rate of inflation not exceeding from 1.5%.
► Greece joined in 2001
► Headed by a president