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This text explores the transition to the euro as a common European currency, starting with the founding of the European Central Bank and the introduction of the European Monetary Union in the Maastricht Treaty of 1992. It highlights the preservation of the value of money and products through uniting currency, with an example of 20 deutsche marks becoming equivalent to around 10 euros. Countries wanting to adopt the euro must meet four criteria of convergence one year before joining.
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