Tag: Vierlander

The road to the euro

The introduction of a single currency in Europe forms part of a long process of economic integration. That is nothing new. Monetary history and the currencies of the past provide us with several examples of common currencies and monetary unions.

The Vierlander, a precursor of the Euro. A first step towards monetary unification

Since the invention of money, a lot of regions, cities, countries and people use their own means of payment. Consquently, the variety of currencies has always been enormous Today the euro, the currency of an evergrowing number of European countries, is the result of a long process of monetary unification. The vierlander (= four lands), the 15th century silver coin we are focussing on this month, is one of the early forerunners of monetary union.