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Europe's most significant monetary reform since the Roman Empire is the introduction of the Euro. The Euro is the currency used by the Eurozone countries in the European Union. Introduced in 1999, the idea for a common currency dates back to the League of Nations in 1929. Efforts to unite European nations economically and politically were made during the Cold War, leading to the creation of the European Coal and Steel Community in 1951. This paved the way for the adoption of the Euro as a common currency in the Eurozone.
