Prior to the launch of the euro, agreements have been reached with Monaco, San Marino, and Vatican Metropolis by EU member states (Italy within the case of San Marino and Vatican City, and France within the case of Monaco) allowing them to make use of the euro and mint a limited quantity of euro coins (with their very own nationwide symbols on the obverse side) to be valid throughout the eurozone.
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The borrower/issuer of these debt securities is obliged to pay the principal along with interest at the time period agreed upon.
Prior to the launch of the euro, agreements have been reached with Monaco, San Marino, and Vatican Metropolis by EU member states (Italy within the case of San Marino and Vatican City, and France within the case of Monaco) allowing them to make use of the euro and mint a limited quantity of euro coins (with their very own nationwide symbols on the obverse side) to be valid throughout the eurozone.