The currency in the Netherlands is the Euro (€). The Euro was introduced as the legal tender in the Netherlands in 2002, replacing the Dutch guilder. As part of the Eurozone, the Netherlands shares the Euro with 19 other European Union member countries, facilitating easier trade and economic stability within the region. The currency is managed by the European Central Bank, which sets monetary policy for the Eurozone. The adoption of the Euro has simplified transactions for both residents and tourists, making it easier to travel and conduct business across European borders without the need for currency exchange.