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The following lists events that happened during 2002 in the Grand Duchy of Luxembourg.
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The following lists events that happened during 2002 in the Grand Duchy of Luxembourg.
The euro is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 euro cents.
The franc is any of various units of currency. One franc is typically divided into 100 centimes. The name is said to derive from the Latin inscription francorum rex used on early French coins and until the 18th century, or from the French franc, meaning "frank".
Luxembourgish euro coins feature three different designs, though they all contain the portrait or effigy of Grand Duke Henri of Luxembourg. The designs, by Yvette Gastauer-Claire, also contain the 12 stars of the EU flag, the year of imprint and the name of the country in the Luxembourgish language: Lëtzebuerg.
The Deutsche Mark, abbreviated "DM" or "D-Mark" ( ), was the official currency of West Germany from 1948 until 1990 and later the unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark". One Deutsche Mark was divided into 100 pfennigs.
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt. Each jurisdiction determines what is legal tender, but essentially it is anything which when offered ("tendered") in payment of a debt extinguishes the debt. There is no obligation on the creditor to accept the tendered payment, but the act of tendering the payment in legal tender discharges the debt.
The Swiss franc, or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins.
The franc, also commonly distinguished as the French franc (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced in 1795. After two centuries of inflation, it was redenominated in 1960, with each new franc (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc, up to and even after the introduction of the euro in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 francs to 1 euro.
The lira was the currency of Italy between 1861 and 2002. It was introduced by the Napoleonic Kingdom of Italy in 1807 at par with the French franc, and was subsequently adopted by the different states that would eventually form the Kingdom of Italy in 1861. It was subdivided into 100 centesimi, which means "hundredths" or "cents". The lira was also the currency of the Albanian Kingdom from 1941 to 1943.
The Belgian franc was the currency of the Kingdom of Belgium from 1832 until 2002 when the euro was introduced. It was subdivided into 100 subunits, each known as a centiem in Dutch, or centime in French and German.
The Luxembourg franc (F or ISO LUF, Luxembourgish: Frang), subdivided into 100 centimes, was the currency of Luxembourg between 1854 and 2002, except from 1941 to 1944. From 1944 to 2002, its value was equal to that of the Belgian franc. The franc remained in circulation until 2002, when it was replaced by the euro.
The franc is the official currency of Comoros. It is nominally subdivided into 100 centimes, although no centime denominations have ever been issued.
The Central African CFA franc is the currency of six independent states in Central Africa: Cameroon, Central African Republic, Chad, Republic of the Congo, Equatorial Guinea and Gabon. These six countries had a combined population of 55.2 million in 2020, and a combined GDP of over US$100 billion.
The franc was the official currency of the Principality of Monaco until 1995, when it changed to the French franc which was replaced by the euro in 2002. The franc was subdivided into 100 centimes or 10 décimes. The Monégasque franc circulated alongside the French franc with the same value. Like the French franc, the Monégasque franc was revalued in 1960 at a rate of 100 old francs = 1 new franc. The official euro-to-franc exchange rate was MCF 6.55957 to EUR 1.
The following is a list of events that happened in 1999 in the Grand Duchy of Luxembourg.
Events from the year 2002 in France.
The Juncker–Poos Government was the government of Luxembourg between 26 January 1995 and 7 August 1999. It was led by, and named after, Prime Minister Jean-Claude Juncker and Deputy Prime Minister Jacques Poos.
The international status and usage of the euro has grown since its launch in 1999. When the euro formally replaced 12 currencies on 1 January 2002, it inherited their use in territories such as Montenegro and replaced minor currencies tied to pre-euro currencies, such as in Monaco. Four small states have been given a formal right to use the euro, and to mint their own coins, but all other usage outside the eurozone has been unofficial. With or without an agreement, these countries, unlike those in the eurozone, do not participate in the European Central Bank or the Eurogroup.
The twenty euro note (€20) is the third-lowest value euro banknote and has been used since the introduction of the euro in 2002. The note is used by the 25 countries and a population of 343 million as their sole currency, with 23 legally adopting it. In July 2024, there were approximately 4,818,000,000 twenty euro banknotes in circulation around the eurozone. It is the second most widely circulated denomination, accounting for 16.3% of the total banknotes. Estimates suggest that the average life of a twenty euro banknote is about two years before it is replaced due to wear.
The one hundred euro note (100 €) is one of the higher value euro banknotes and has been used since the introduction of the euro in 2002. The note is used daily by some 343 million Europeans and in the 25 countries which have it as their sole currency. In July 2024, there were approximately 3 987 000 000 hundred euro banknotes in circulation in the eurozone. It is the third most widely circulated denomination, accounting for 13.3% of the total banknotes.
Events from the year 2002 in Belgium
