Basic Country Data:

• Country ISO Code: AD

• Official Language: Catalan

• Language ISO Code: ca

• Current Official Currency: Euro

• Current Currency ISO Code: EUR

Complete Financial History of the Principality of Andorra (in Catalan):

1. Current Official Currency: Euro (EUR)

• ISO Code: EUR

• Singular Name: euro

• Plural Name: euros

• Monetary Subdivision: 1 euro = 100 cents

• Subdivision Name Singular: cent

• Subdivision Name Plural: cents

• Initial Production Date: 1999 (electronic money), 2002 (physical cash)

• Initial Circulation Date: 2002

• Final Production Date: ongoing

• Final Circulation Date: currently in circulation

• Mint: various European mints including those of Spain and France; Andorra began issuing its own euro coins in 2015

• Issuing Bank: European Central Bank (ECB)

• Coin Denominations: 1, 2, 5, 10, 20, 50 cents; 1 and 2 euros

• Banknote Denominations: 5, 10, 20, 50, 100, 200, 500 euros

• Designs / Symbols:

  • Coins have the common European side and a national side with Andorran symbols:

    • 2 euros: coat of arms of Andorra with motto “virtus unita fortior”

    • 1 euro: Casa de la Vall (historic parliament building)

    • 10, 20, 50 cents: Romanesque church of Santa Coloma

    • 1, 2, 5 cents: isard (native chamois) and bearded vulture (native bird)

  • Banknotes follow the European standard with images of bridges, gateways, and windows, no real persons depicted.

• Current Circulation Status: official currency and in use since 2002

• Economic Historical Context:

  • Prior to the euro, Andorra used both the Spanish peseta and French franc simultaneously.

  • In 2011, Andorra signed a monetary agreement with the European Union allowing the issuance of its own euro coins starting in 2014.

  • Andorran euro coins began issuance in 2015.

• Curiosities:

  • Andorra is the only country with four different designs for its euro coins.

  • Andorra has no central bank and relies on the ECB for monetary policy.

• Issuing Authority: European Central Bank

• Relevant Monetary Legislation: Monetary agreement with the European Union (2011), Law 17/2013 on the euro in Andorra

• Persons and Positions Signing Banknotes: not applicable (European banknotes)

• Persons Honored on Coins and Banknotes: cultural, historical, and natural symbols of Andorra; no real persons

2. Previous Currencies before Euro Adoption

• Spanish peseta and French franc used simultaneously until December 31, 1999

• Coins and banknotes of these currencies remained valid until December 31, 2002

• During the Spanish Civil War, local notes were issued for internal circulation in Andorra, printed in Toulouse, in various small denominations

This report presents the financial history of Andorra, highlighting that the euro has been its official currency since 2002, the characteristics of its own coins issued since 2015, and the historical use of the peseta and franc before euro adoption.