As the old millenium came to an end - with as much a sense of relief that the last one was over as anything else for most Brits - the EU launched the new currency in the hope of creating a new competitor for the almighty dollar and the already powerful Yen and the rapidly strengthening Renminbi aka Yuan.
Unsurprisingly, the global billionaire magnates that control the British media, notably Murdoch (Australian who lives in the USA and the Barclay Brothers (Brits who emigrated to Monaco but also live in the Channel Islands tax haven) slammed it from the off and whipped up a storm of nationalism, not dissimilar to the Leave campaign they undertook years later. Like the Leave campaign, they used disinformation and downright lies to appeal to the gullible, playing heavily on nationalist sentimentality.
At the time of the launch the EURO was introduced as having a value of 66 pence/1.07 dollars and as a work in progress and with questions as to whether the EU itself would survive being raised daily fuelling market confidence issues, it quickly sank, much to the delight of the foreign media magnates and they said so through their mouthpieces like the Sun and the Telegraph.
Within a year the EURO had fallen to 61 pence/91 cents and it looked like the end of the road.
But then something changed.
When it looked like the only way was down, the markets realised they had overreacted to media speculation and started to look more closely at the real value potential of the European bloc.
By 2001, despite a small slip against the dollar, the EURO had started to recover against the £ probably because of the continued decline of British industry highlighted by a mini global recession. British manufacturing output had sunk to a new low and the markets realised that a united Europe was a much stronger proposition than a former industrial giant.
By 2003 the EURO had passed it's original valuation to rise to 69p and made a huge jump against the dollar to 1.13.
Since then it has been up and down against the dollar due to the vagaries of global economics but what can't be denied is that steady progress has been made against all currencies, especially in overhauling the struggling £.
2017 and 2018 saw some stabilisation against the £ at 88p - a third up from 20 years ago -presumably as the markets await the outcome of "you brexit you bought it" - and the Euro had risen to 1.18 dollars although today it sits at 1.13.
Back in 1999 a pound could buy 1.61 dollars - today it is worth a mere 1.29 dollars.
In 1999 a pound could buy 183 Japanese yen - today it's worth 141
In 1999 a pound could buy 13.39 Chinese yuan - today it's worth 8.72
If we had adopted the EURO back in the day and thereby converted our assets into EUROS at that time there's a pretty strong case to suggest our economy would be massively stronger than it currently is because currency exchange rate is the backbone of foreign investment and we could probably own half of America and a good chunk of worldwide resources by now.
After all it was the strength of currency that underpinned our growth as a nation as we took control of resources globally to create the British Empire. Sadly the British people were mugged out of that opportunity for economic recovery.
A third down against the EURO and a fifth down against the dollar in just 20 years - that's the price of misplaced sentimental nationalist pride incited by manipulative billionaires who don't even live here. What the final cost will be we have yet to discover.
Anyone think it was a good idea to stay out of the EURO?