EMUCurrencies.htmlTEXTMSIEׯׯ~ EMU National Currencies
EMU National Currencies

The EMU national currencies are the currencies of the 12 member countries of the Economic and Monetary Union: Belgian Franc, German Mark, Greek Drachma, Spanish Peseta, French Franc, Irish Punt, Italian Lira, Luxembourgian Franc, Dutch Guilder, Austrian Schilling, Portuguese Escudo and Finnish Mark.

On the basis of the irrevocable euro conversion rates fixed by the European Council, EMU national currencies are non-decimal subdenominations of the European single currency, the Euro, exactly as the Pfennig or centime are (decimal) subdenominations of the German Mark or French Franc, respectively.

The following table lists the 12 EMU national currencies, their ISO codes and their irrevocable euro conversion rates. Conversion rates have 6 significant digits.

Currency ISO Code Euro Conversion Rate
Belgian Franc BEF 40.3399
German Mark DEM 1.95583
Greek Drachma GRD 340.750
Spanish Peseta ESP 166.386
French Franc FRF 6.55957
Irish Punt IEP .787564
Italian Lira ITL 1936.27
Luxemburgian Franc LUF 40.3399
Dutch Guilder NLG 2.20371
Austrian Schilling ATS 13.7603
Portuguese Escudo PTE 200.482
Finnish Mark FIM 5.94573


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