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Luxembourg and the Euro

The smallest member of the EU was one of the EEC's six founding nations in 1957. Luxembourg has provided two of the European Commission's nine presidents, Gaston Thorn and Jacques Santer. The Grand Duchy is also known for its pro-European loyalty and a former Luxembourg prime minister, Pierre Werner, was one of the intellectual fathers of EMU. The country's government had been a major player in ensuring the swift introduction of the euro.

Interestingly, in order to join the euro, Luxembourg had to set up its own central bank. The euro was a project well suited to Luxembourg's traditions as it has been part of a monetary union with Belgium since the 1920s. Luxembourg is the first member of the Eurozone to have all of their standard issue circulation coins minted in more than one location and the only member to have had all their coins minted at three different locations.

Luxembourg euro coins feature three different designs, though they all contain the portrait or effigy of Grand Duke Henri of Luxembourg. The Grand Duke Henri of Luxembourg appears on the coins facing to the left. He was not featured on the Luxembourgish franc as he only became Grand Duke in 2000 following the abdication of his father, Jean.

All the Luxembourg coins bear the profile of His Royal Highness Grand Duke Henri and contain the 12 stars of the EU flag. They also bear the year of issue and the word 'Luxembourg' written in Luxembourgish ('Lëtzebuerg'), was designed, by Yvette Gastauer-Claire.

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