• 2 Euro 2009, KM# 89, Cyprus, 10th Anniversary of the European Monetary Union and the Introduction of the Euro
  • 2 Euro 2009, KM# 89, Cyprus, 10th Anniversary of the European Monetary Union and the Introduction of the Euro

An economic and monetary union (EMU) was a recurring ambition for the European Union from the late 1960s onwards. EMU involves coordinating economic and fiscal policies, a common monetary policy, and a common currency, the euro. A single currency offers many advantages: it makes it easier for companies to conduct cross-border trade, the economy becomes more stable, and consumers have more choice and opportunities.

After a decade of preparations, the euro was launched on 1 January 1999: for the first three years it was an ‘invisible’ currency, only used for accounting purposes and electronic payments. Coins and banknotes were launched on 1 January 2002, and in 12 EU countries, the biggest cash changeover in history took place.

In January 2009, the sixteen euro-area countries jointly issued a commemorative euro coin to celebrate ten years of the launch of the euro. The design was chosen out of a shortlist of five by members of the public across the European Union voting online. It was created by George Stamatopoulos, an engraver from the Minting Department of the Bank of Greece.


Depicts a stylised human figure whose left arm is prolonged by the € symbol. It seeks to convey the idea of the single currency and, by extension, Economic and Monetary Union (EMU) being the latest step in Europe’s long history of trade and economic integration. The initials ΓΣ (Γεώργιος Σταματόπουλος, George Stamatopoulos) of the artist appear below the euro symbol. The name of the issuing country appears at the top (in Greek and Turkish), while the indication 1999-2009 and the acronym EMU (Economic and Monetary Union) appear at the bottom. The coin’s outer ring bears the 12 stars of the European Union.

The euro sign, €, is the currency sign used for the euro. The design was presented to the public by the European Commission on 12 December 1996. It consists of a stylized letter E (or epsilon), crossed by two lines instead of one.

ONE 1999-2009


A geographical map of Western Europe spans the outer ring and inner core on the right side of the coin. The inscription 2 EURO is superimposed over the map of Europe, with the numeral “2” located in an open field representing the eastern Atlantic Ocean.

12 stars are located on the right side of the outer ring, with six stars atop the map of Europe and six stars below it; six vertical stripes cut across the inner core of the coin, visually connecting the upper and lower star segments.

Luc Luycx, a designer at the Royal Belgian Mint, designed the Euro’s common reverse; his initials, LL, are seen on the right side of the design, just under the “O” in “EURO.”



'2 EURO' in Greek and Turkish repeated twice


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Type Commemorative Issue (Circulating)
Material Bi-Metallic
Ring Cupronickel
Center Nickel Brass
Weight 8.5 g
Diameter 25.75 mm
Thickness 2.2 mm
Shape round
Alignment Medal
Royal Dutch Mint (KNM)