$0.29
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The 50 euro cents coin front design features the denomination, followed by a map of Europe with the different nations detached, which is superimposed on a linear pattern that has six lines in which its terminations have a star; six stripes and twelve stars that allude to the same ones found on the flag of the European Union. The reverse of the coin illustrates the left portrait of Albert II, who reigned as King of the Belgians, from 1993 to 2013, surrounded by the twelve stars of the European Union Flag and the capital letter A with a crown on top. This coin is part of the 1999 – 2006 series, its rim is indented, and its color is gold.
Text: 1999 A, 50 EURO CENT LL
Firstly, The provisions agreed upon in the Maastricht Treaty established the euro in 1992.
As a result, the then president of the European Commission, Jacques Santer, established the name “euro” in 1995.
Member States used a triangulation process through the euro due to differences in their national currency conventions.
Therefore, the Member States fixed the European Monetary Unit (ECU) at 1:1 per euro.
However, the Member States used the European Monetary Unit as the accounting unit, but not as their currency.
After that, on January 1, 1999, the Member States introduced the currency in a non-physical form. The members’ national currencies ceased to exist independently, and the euro replaced the European Monetary Unit (ECU).
Even so, the Member States continued to use their currencies as a legal tender until the introduction of the new euro on January 1, 2002. The first coin series was issued in 1999, and the denominations range from 1¢, 2¢, 5¢, 10¢, 20¢, and ¢50, €1, and €2.
The official currency symbol: €/¢. The European Central Bank manages and administers the euro, which sets monetary policy.
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