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Jonas found a 2 mark coin while cleaning his room, recalling buying sweets with demark. Nowadays, he uses euros for everything. The European Central Bank was established in 1992 under the Maastricht Treaty to introduce a common European currency. The European Monetary Union was introduced to preserve the value of money and products. Before the euro, 20 deutsche marks pocket money would be worth around 10 euros. Countries had to meet four convergence criteria before joining the shared currency.
