the euro was launched on january first one thousand nine hundred ninety nine with a huge parisi the european central bank that the exchange rates with the national currencies but europeans could only pay with the euro using checks credit or debit cards coins and notes were released into circulation three years later. initially financial markets were skeptical. the euro fell to a record low of eighty five cents to the dollar on october twenty sixth two thousand . things improved two years later when the currency was launched as cash in paper and coins that confidence the euro climbed reaching a record high of nearly one dollar sixty but the two thousand and eight financial crisis shook the global banking system. the euro also took a hit within a couple of months it lost a fifth of its value. times remain turbulent for the common currency the twenty ten greek debt exacerbated the situation and in danger of the euro the european central bank jumped in to support this. and the currency lost significant value in twenty fifteen amid another debt crisis in greece and the conflict in ukraine but it