Question

What is the name of Currency of Belgium?

Answer 1

Answer: Euro

Explanation:

Belgium uses the Euro as its official currency. The Euro is represented by the symbol € and has the currency code EUR in international markets.

Belgium adopted the Euro on January 1, 1999, when it became one of the founding members of the Eurozone. However, Euro banknotes and coins were introduced for public use on January 1, 2002, replacing the previous Belgian currency called the Belgian Franc.

The Euro is shared by 19 countries in the European Union, making it one of the world's most widely used currencies. These countries together form what we call the Eurozone. This means that when you travel from Belgium to countries like France, Germany, Spain, or Italy, you can use the same currency without needing to exchange money.

Like other Eurozone countries, Belgium issues its own Euro coins with unique Belgian designs on one side, while maintaining the common European side on the other. The Belgian Euro coins feature the portrait of King Philippe of Belgium and previously featured King Albert II.

The Euro comes in denominations of banknotes (€5, €10, €20, €50, €100, €200, and €500) and coins (1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2). The banknotes are identical across all Eurozone countries, while coins have a common European side and a national side specific to each country.