The currency of the Republic of Ireland is the Euro (EUR). Ireland adopted the Euro in 2002 as part of its integration into the European Union's monetary system, replacing the Irish pound. The Euro is currently used by 19 of the 27 EU member states, making international trade and travel within Europe smoother for residents and tourists alike. The transition to the Euro has enhanced economic stability in Ireland and facilitated easier transactions. The Euro is subdivided into 100 cents, and it comes in various denominations of coins and banknotes.