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Belgium and the euro

Map of Belgium with national flag

Belgium is a founding member of the European Union and one of the first-wave countries to adopt the euro on 1 January 1999.

Last update: 4 may 2009

Belgium at a glance

Surface area: 30 530 km2

Population: 10 741 048 (Eurostat 2009)

Joined the European Union: founding member (25 March 1957)

Currency: euro since 1 January 1999 (formerly Belgian franc, BEF)

Euro information

Status: Euro-area member since 1 January 1999

Fixed conversion rate: €1 = 40.3399 BEF

Adoption of the euro: The euro banknotes and coins were introduced in Belgium on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as 'book money'. The dual circulation period – when both the Belgian franc and the euro had legal tender status – ended on 28 February 2002.

Exchange of former national currency: The Banque nationale de Belgique – Nationale Bank van België (National Central Bank of Belgium) exchanged national coins until 31 December 2004 and will continue to exchange national banknotes for an unlimited period.

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