# Council Regulation (EC) No 974/98 of 3 May 1998 on the introduction of the euro, Article 2

Extent: E+W+S+N.I.

With effect from the respective euro adoption dates, the currency of the participating Member States shall be the euro. The currency unit shall be one euro. One euro shall be divided into one hundred cent.

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Source: https://www.legislation.gov.uk/eur/1998/974/article/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-1998-974/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.