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72-473: The Race to Dubai is calculated in euro , although many of the events have prize funds which are fixed in other currencies, mainly pounds sterling or U.S. dollars. In these instances, the amounts are converted into euro at the exchange rate for the week that the tournament is played. The award was created in 1937 as the Harry Vardon Memorial Trophy. In its first year the award was presented to

144-524: A common side showing the denomination or value, and a map in the background. Due to the linguistic plurality in the European Union , the Latin alphabet version of euro is used (as opposed to the less common Greek or Cyrillic) and Arabic numerals (other text is used on national sides in national languages, but other text on the common side is avoided). For the denominations except the 1-, 2- and 5-cent coins,

216-599: A national side showing an image specifically chosen by the country that issued the coin. Euro coins from any member state may be freely used in any nation that has adopted the euro. The coins are issued in denominations of €2 , €1 , 50c , 20c , 10c , 5c , 2c , and 1c . To avoid the use of the two smallest coins, some cash transactions are rounded to the nearest five cents in the Netherlands and Ireland (by voluntary agreement) and in Finland and Italy (by law). This practice

288-594: A budget deficit of less than 3% of their GDP, a debt ratio of less than 60% of GDP (both of which were ultimately widely flouted after introduction), low inflation, and interest rates close to the EU average. In the Maastricht Treaty, the United Kingdom and Denmark were granted exemptions per their request from moving to the stage of monetary union which resulted in the introduction of the euro (see also United Kingdom and

360-448: A chip for another birdie and made the turn in 32 (−4). He made four more birdies on the back nine, including a 43-foot putt at the 72nd hole, to shoot a final-round 64 that ended up giving him a two-stroke win over Matt Fitzpatrick , who shot a final-round 71. In April 2019, Molinari was the 54-hole leader at the Masters at 13 under, two strokes clear of Tony Finau and Tiger Woods , after

432-547: A foreign trading currency in Cuba since 1998, Syria since 2006, and Venezuela since 2018. In 2009, Zimbabwe abandoned its local currency and introduced major global convertible currencies instead, including the euro and the United States dollar. The direct usage of the euro outside of the official framework of the EU affects nearly 3 million people. Outside the eurozone, two EU member states have currencies that are pegged to

504-489: A lower average (72.87) than Whitcombe (73). In 1946, after World War II, the award was again given to the player with the best average in the major stroke play events. 20 rounds were required and four rounds of the Open were compulsory. Bobby Locke won with an average of 73.16 in 36 rounds. Norman Von Nida won in 1947 with an average of 71.25 in 52 rounds and Charlie Ward won in 1948 averaging 71.29 over 44 rounds. Before 1980,

576-547: A minimum of 16 rounds which had to include The Open Championship . The same events were used as in 1937 with the exception of the Southend Tournament. Henry Cotton won the award with an average of 72.87 having played in 4 of the 6 qualifying events. Reg Whitcombe was second with an average of 73.35 for 20 rounds. A new system was introduced in 1939. A points system was used with the winner getting 1 point, 2nd place getting 2 points, down to 26 points for finishing outside

648-500: A monetary agreement: British Overseas Territory : Unilateral adopters: The following EU member states committed themselves in their respective Treaty of Accession to adopt the euro. However they do not have a deadline to do so and can delay the process by deliberately not complying with the convergence criteria (such as by not meeting the convergence criteria to join ERM II). Bulgaria and Romania are actively working to adopt

720-535: A six-under-par 66 third round. Molinari held the lead for two thirds of the final round, until he reached the par-3 12th, where his tee shot found the water, resulting in a double bogey. He found the water again on the 15th, which led to another double bogey to fall out of contention. He finished with a round of 74 and T5 finish, still his best performance at the Masters to date. Molinari has worked since 2018 with Dave Alred on several mental aspects of his game. Molinari

792-583: Is a major donor to the EFSF. To be included in the eurozone, countries had to fulfil certain convergence criteria , but the meaningfulness of such criteria was diminished by the fact it was not enforced with the same level of strictness among countries. According to the Economist Intelligence Unit in 2011, "[I]f the [euro area] is treated as a single entity, its [economic and fiscal] position looks no worse and in some respects, rather better than that of

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864-524: Is also the sole currency in three overseas territories of France that are not themselves part of the EU, namely Saint Barthélemy , Saint Pierre and Miquelon , and the French Southern and Antarctic Lands , as well as in the British Overseas Territory of Akrotiri and Dhekelia . The euro has been adopted unilaterally as the sole currency of Montenegro and Kosovo. It has also been used as

936-509: Is an avid fan of Italian football team Internazionale , he also supports West Ham United after Italian football manager Gianfranco Zola started managing the East London side in 2008. Molinari is an ambassador for Borne, a medical research charity looking to identify the causes of premature birth. European Tour playoff record (0–3) CUT = missed the half-way cut "T" = tied NT = no tournament due to COVID-19 pandemic CUT = missed

1008-465: Is discouraged by the commission, as is the practice of certain shops of refusing to accept high-value euro notes. Commemorative coins with €2 face value have been issued with changes to the design of the national side of the coin. These include both commonly issued coins, such as the €2 commemorative coin for the fiftieth anniversary of the signing of the Treaty of Rome, and nationally issued coins, such as

1080-445: Is officially known as the euro area or, more commonly, the eurozone . The euro is divided into 100 euro cents . The currency is also used officially by the institutions of the European Union , by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia , as well as unilaterally by Montenegro and Kosovo . Outside Europe, a number of special territories of EU members also use

1152-447: The 2012 Ryder Cup , where he played the foursomes with Lee Westwood on Friday, losing by 3 and 2 to Jason Dufner and Zach Johnson ; he then teamed up in the four-balls with Justin Rose , losing by 5 and 4 against Bubba Watson and Webb Simpson . On the final day, he halved with Tiger Woods in the last singles match. The point meant Europe not only completed a comeback from 10–6 down at

1224-599: The 2018 BMW PGA Championship , his fifth win on the European Tour , and the Quicken Loans National , his first PGA Tour win. At the end of the season, Molinari won 5 out of 5 points as Europe won the 2018 Ryder Cup . Molinari has been in the top 100 of the World Rankings continuously since the end of 2008. Playing with his brother Edoardo , they won the 2009 Omega Mission Hills World Cup , Italy's only win in

1296-604: The BBC Overseas Sports Personality of the Year award), Molinari was the first Italian to receive this prize. On 10 March 2019, Molinari won the Arnold Palmer Invitational for his third PGA Tour victory of his career. He teed off 10 groups ahead of the leaders on the final day and 5 stokes behind, making three birdies and no bogeys on his first seven holes. On the 8th hole, from well off the green he holed

1368-494: The BMW PGA Championship . He produced a flawless final round to see off Rory McIlroy by two strokes. The win took Molinari level with Costantino Rocca , for most European Tour wins by an Italian. In the same year, Molinari won the Quicken Loans National in a dominating fashion by shooting a 62 on Sunday to win by eight strokes, the first PGA Tour win for an Italian since 1947. At the 2018 Open Championship , Molinari won

1440-690: The Reale Seguros Open de España . He was four strokes out of the lead going into the final round but fired a 65 (−7), the best round of the tournament, to win by three strokes over Alejandro Cañizares , Søren Kjeldsen and Pablo Larrazábal . In July 2012, the week before the Open Championship , Molinari lost in a playoff at the Aberdeen Asset Management Scottish Open . He was defeated on the first playoff hole by Jeev Milkha Singh . Molinari gained an automatic selection for

1512-591: The dobra of São Tomé and Príncipe was officially linked with the euro. Additionally, the Moroccan dirham is tied to a basket of currencies, including the euro and the US dollar, with the euro given the highest weighting. These countries generally had previously implemented a currency peg to one of the major European currencies (e.g. the French franc , Deutsche Mark or Portuguese escudo ), and when these currencies were replaced by

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1584-501: The " eurozone ", some 347 million people in total as of 2023 . According to bilateral agreements with the EU , the euro has also been designated as the sole and official currency in a further four European microstates awarded minting rights (Andorra, Monaco, San Marino and the Vatican City). All but one (Denmark) current, and any potential future EU members, are obliged to adopt the euro when economic conditions permit. The euro

1656-587: The 2nd places collected at the 2015 Open de España and 2016 Open de France , while in the U.S. he collected a 3rd place at the 2015 Memorial Tournament . In the same year he also recorded a hole in one at the iconic 16th hole of the Waste Management Phoenix Open . Molinari recorded his fifth European Tour win and first Rolex Series titles in May 2018, with victory in the European Tour's flagship event,

1728-627: The ECB's banknotes are put into circulation by the NCBs, thereby incurring matching liabilities vis-à-vis the ECB. These liabilities carry interest at the main refinancing rate of the ECB. The other 92% of euro banknotes are issued by the NCBs in proportion to their respective shares of the ECB capital key, calculated using national share of European Union (EU) population and national share of EU GDP, equally weighted. Member states are authorised to print or to commission bank note printing. As of November 2022 , these are

1800-605: The Official World Golf Ranking, his highest ranking for eight years. He also recorded eleven top-10 finishes including two runner-up finishes en route to a 5th-place finish in the Race to Dubai. In October 2010, Molinari represented Europe in the 2010 Ryder Cup which took place at Celtic Manor Resort , teaming up with his brother Edoardo in the four-balls (halved against Stuart Cink and Matt Kuchar ) and foursomes (lost against Zach Johnson and Hunter Mahan ). He then lost

1872-449: The Order of Merit had been based on a points system or stroke average, so it was not necessarily headed by the golfer who won the most money. In 1971 Peter Oosterhuis won the Order of Merit and won £9,269. Gary Player was the leading money winner with £11,281 but of that, £8,500 came from winning the 1971 Piccadilly World Match Play Championship . In 2009, the Order of Merit was replaced by

1944-824: The Order of Merit in 2007, 24th in 2008 and 14th in the Race to Dubai in 2009. In October 2009, Molinari reached the top 50 of the Official World Golf Ranking for the first time. On 29 November 2009, Molinari, along with his older brother Edoardo, led Italy to their first World Cup victory at the Omega Mission Hills World Cup in China. On 7 November 2010, Molinari won the WGC-HSBC Champions in Shanghai, China. He defeated Lee Westwood by one stroke, finishing at 19-under par. The win moved him into 14th in

2016-579: The Portuguese escudos , which ceased to have monetary value after 31 December 2002, although banknotes remained exchangeable until 2022. A special euro currency sign (€) was designed after a public survey had narrowed ten of the original thirty proposals down to two. The President of the European Commission at the time ( Jacques Santer ) and the European Commissioner with responsibility for

2088-708: The Race to Dubai was renamed the DP World Tour Rankings in line with the tour being retitled as the DP World Tour. However, in November 2022, the tour announced that the Rankings would be reverted to the Race to Dubai, starting from the 2023 season. Euro The euro ( symbol : € ; currency code : EUR ) is the official currency of 20 of the 27 member states of the European Union . This group of states

2160-538: The Race to Dubai, with a bonus pool of US$ 7.5 million (originally $ 10 million) distributed among the top 15 players at the end of the season, with the winner taking $ 1.5 million (originally $ 2 million). The new name reflected the addition of a new season ending tournament, the Dubai World Championship , held at the end of November in Dubai. The tournament also had a $ 7.5 million prize fund (originally $ 10 million), and

2232-648: The US dollar again had a face value higher than the Euro, at around US dollar 0.95 per euro. The euro is managed and administered by the European Central Bank (ECB, Frankfurt am Main ) and the Eurosystem , composed of the central banks of the eurozone countries. As an independent central bank, the ECB has sole authority to set monetary policy . The Eurosystem participates in the printing, minting and distribution of euro banknotes and coins in all member states, and

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2304-478: The US or the UK" and the budget deficit for the euro area as a whole is much lower and the euro area's government debt/GDP ratio of 86% in 2010 was about the same level as that of the United States. "Moreover", they write, "private-sector indebtedness across the euro area as a whole is markedly lower than in the highly leveraged Anglo-Saxon economies". The authors conclude that the crisis "is as much political as economic" and

2376-430: The United States were relatively strong creditors – gained attention in summer 2012 even as Germany received a debt-rating warning of its own. The euro is the sole currency of 20 EU member states : Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. These countries constitute

2448-464: The coin to commemorate the 2004 Summer Olympics issued by Greece. These coins are legal tender throughout the eurozone. Collector coins with various other denominations have been issued as well, but these are not intended for general circulation, and they are legal tender only in the member state that issued them. A number of institutions are authorised to mint euro coins: The design for the euro banknotes has common designs on both sides. The design

2520-537: The euro ( Yves-Thibault de Silguy ) then chose the winning design. Regarding the symbol, the European Commission stated on behalf of the European Union : The symbol € is based on the Greek letter epsilon (Є), with the first letter in the word "Europe" and with 2 parallel lines signifying stability. The European Commission also specified a euro logo with exact proportions. Placement of the currency sign relative to

2592-543: The euro ). The name "euro" was officially adopted in Madrid on 16 December 1995. Belgian Esperantist Germain Pirlot , a former teacher of French and history, is credited with naming the new currency by sending a letter to then President of the European Commission , Jacques Santer , suggesting the name "euro" on 4 August 1995. Due to differences in national conventions for rounding and significant digits, all conversion between

2664-682: The euro , which is a precondition to joining the eurozone. The Danish krone and Bulgarian lev are pegged due to their participation in the ERM ;II . Additionally, a total of 21 countries and territories that do not belong to the EU have currencies that are directly pegged to the euro including 14 countries in mainland Africa ( CFA franc ), two African island countries ( Comorian franc and Cape Verdean escudo ), three French Pacific territories ( CFP franc ) and two Balkan countries, Bosnia and Herzegovina ( Bosnia and Herzegovina convertible mark ) and North Macedonia ( Macedonian denar ). On 1 January 2010,

2736-485: The euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro . The euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar . As of December 2019, with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in circulation in

2808-449: The euro their currencies became pegged to the euro. Pegging a country's currency to a major currency is regarded as a safety measure, especially for currencies of areas with weak economies, as the euro is seen as a stable currency, prevents runaway inflation, and encourages foreign investment due to its stability. In total, as of 2013 , 182 million people in Africa use a currency pegged to

2880-477: The euro, 27 million people outside the eurozone in Europe, and another 545,000 people on Pacific islands. Francesco Molinari Francesco Molinari (born 8 November 1982) is an Italian professional golfer . He won the 2018 Open Championship , his first and only major victory, and the first major won by an Italian professional golfer. The Open Championship win capped a successful season in which he won

2952-592: The euro, while the remaining states do not have a migration plan in progress. The euro is divided into 100 cents (also referred to as euro cents , especially when distinguishing them from other currencies, and referred to as such on the common side of all cent coins). In Community legislative acts the plural forms of euro and cent are spelled without the s , notwithstanding normal English usage. Otherwise, normal English plurals are used, with many local variations such as centime in France. All circulating coins have

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3024-421: The eurozone are also treated as domestic transactions; however paper-based payment orders, like cheques, have not been standardised so these are still domestic-based. The ECB has also set up a clearing system , TARGET , for large euro transactions. The euro was established by the provisions in the 1992 Maastricht Treaty . To participate in the currency, member states are meant to meet strict criteria , such as

3096-737: The event. Molinari won the 2010 WGC-HSBC Champions and has represented Europe in three winning Ryder Cup teams, in 2010 , 2012 and 2018 . Molinari was born on 8 November 1982 in Turin , Italy. He is the younger brother of Edoardo Molinari . As an amateur, he won the Italian Amateur Stroke Play Championship twice, and the Italian Match Play Championship in 2004. Molinari turned professional later that year. Molinari earned his European Tour card for 2005 through qualifying school . He finished in 86th place on

3168-403: The first player ever to go 5–0–0. He paired with Tommy Fleetwood to win all four fourball and foursome matches. He also won his singles match against Phil Mickelson . On 18 November 2018, Molinari won the season-long Race to Dubai title on the European Tour . The victory was worth $ 1,250,000. On 16 December 2018, he received the 2018 BBC World Sport Star of the Year award (formerly known as

3240-479: The former currencies. Between December 1999 and December 2002, the euro traded below the US dollar, but has since traded near parity with or above the US dollar, peaking at US$ 1.60 on 18 July 2008 and since then returning near to its original issue rate. On 13 July 2022, the two currencies hit parity for the first time in nearly two decades due in part to the 2022 Russian invasion of Ukraine . Then, in September 2022,

3312-548: The initial designs by Robert Kalina were of specific bridges, including the Rialto and the Pont de Neuilly , and were subsequently rendered more generic; the final designs still bear very close similarities to their specific prototypes; thus they are not truly generic. The monuments looked similar enough to different national monuments to please everyone. The Europa series, or second series, consists of six denominations and no longer includes

3384-497: The map only showed the 15 member states of the union as of 2002. Beginning in 2007 or 2008 (depending on the country), the old map was replaced by a map of Europe also showing countries outside the EU . The 1-, 2- and 5-cent coins, however, keep their old design, showing a geographical map of Europe with the EU member states as of 2002, raised somewhat above the rest of the map. All common sides were designed by Luc Luycx . The coins also have

3456-680: The national currencies ceased to be legal tender varied from member state to member state. The earliest date was in Germany, where the mark officially ceased to be legal tender on 31 December 2001, though the exchange period lasted for two months more. Even after the old currencies ceased to be legal tender, they continued to be accepted by national central banks for periods ranging from several years to indefinitely (the latter for Austria, Germany, Ireland, Estonia and Latvia in banknotes and coins, and for Belgium, Luxembourg, Slovenia and Slovakia in banknotes only). The earliest coins to become non-convertible were

3528-554: The national currencies had to be carried out using the process of triangulation via the euro. The definitive values of one euro in terms of the exchange rates at which the currency entered the euro are shown in the table. The rates were determined by the Council of the European Union , based on a recommendation from the European Commission based on the market rates on 31 December 1998. They were set so that one European Currency Unit (ECU) would equal one euro. The European Currency Unit

3600-688: The numeric amount varies from state to state, but for texts in English published by EU institutions, the symbol (or the ISO -standard "EUR") should precede the amount. Following the U.S. financial crisis in 2008, fears of a sovereign debt crisis developed in 2009 among investors concerning some European states, with the situation becoming particularly tense in early 2010 . Greece was most acutely affected, but fellow Eurozone members Cyprus , Ireland , Italy , Portugal , and Spain were also significantly affected. All these countries used EU funds except Italy, which

3672-523: The obligation to adopt the euro by not meeting the monetary and budgetary requirements. All nations that have joined the EU since 1993 have pledged to adopt the euro in due course. The Maastricht Treaty was amended by the 2001 Treaty of Nice , which closed the gaps and loopholes in the Maastricht and Rome Treaties. The 20 participating members are EU Outermost Regions : Overseas Territories : Special Autonomous Territories : Microstates with

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3744-444: The operation of the eurozone payment systems. The 1992 Maastricht Treaty obliges most EU member states to adopt the euro upon meeting certain monetary and budgetary convergence criteria , although not all participating states have done so. Denmark has negotiated exemptions, while Sweden (which joined the EU in 1995, after the Maastricht Treaty was signed) turned down the euro in a 2003 non-binding referendum , and has circumvented

3816-401: The player with the best average in the major stroke play events. Seven events were used: Daily Mail Tournament , Silver King Tournament , Dunlop-Southport Tournament , Southend Tournament , Open Championship , Irish Open and News Chronicle Tournament . Qualifying rounds did not count and a minimum of 18 rounds had to be played. The Dunlop-Metropolitan Tournament with its restricted field

3888-403: The printers: Capital within the EU may be transferred in any amount from one state to another. All intra-Union transfers in euro are treated as domestic transactions and bear the corresponding domestic transfer costs. This includes all member states of the EU, even those outside the eurozone providing the transactions are carried out in euro. Credit/debit card charging and ATM withdrawals within

3960-502: The public; a design competition will also be held. Since 1 January 2002, the national central banks (NCBs) and the ECB have issued euro banknotes on a joint basis. Eurosystem NCBs are required to accept euro banknotes put into circulation by other Eurosystem members and these banknotes are not repatriated. The ECB issues 8% of the total value of banknotes issued by the Eurosystem. In practice,

4032-455: The result of the fact that the euro area lacks the support of "institutional paraphernalia (and mutual bonds of solidarity) of a state". The crisis continued with S&P downgrading the credit rating of nine euro-area countries, including France, then downgrading the entire European Financial Stability Facility (EFSF) fund. A historical parallel – to 1931 when Germany was burdened with debt, unemployment and austerity while France and

4104-489: The singles match by 4 and 3 against Tiger Woods on the final day. Europe defeated the United States, 14 1 ⁄ 2 –13 1 ⁄ 2 . Molinari had a steady 2011 without any further victories but did record seven top-10 finishes, including a 3rd place at the WGC-Cadillac Championship . He finished the year ranked 21st in the Race to Dubai. Molinari picked up his third win on the European Tour on 6 May 2012 at

4176-482: The standings received an additional $ 2 million compared with the $ 1.25 million won by Francesco Molinari in 2018. In addition, the DP World Tour Championship, Dubai was cut to the top 50 golfers on the Race to Dubai list, the prize fund was kept at $ 8 million but the winner's share was increased to $ 3 million. This was designed to increase interest and player participation in the event. In November 2021,

4248-451: The start of the final day to retain the cup, but won it outright by a score of 14 1 ⁄ 2 points to 13 1 ⁄ 2 . During the 2013 and 2014 seasons Molinari did not register a tournament win, but his steady position in the top fifty of the OWGR allowed him to play several PGA Tour events as a non-member, where he reached three top ten finishes; among these the most prestigious result

4320-464: The successor to the European Currency Unit (ECU). The notes and coins for the old currencies, however, continued to be used as legal tender until new euro notes and coins were introduced on 1 January 2002. The changeover period during which the former currencies' notes and coins were exchanged for those of the euro lasted about two months, until 28 February 2002. The official date on which

4392-521: The top 25. Five events were used with a minimum of 16 rounds which had to include the four rounds of the Open Championship. The Dunlop-Southport Tournament did not take place but otherwise the same tournaments were used as in 1938. Reg Whitcombe won with a score of 27 (7th, 6th, 3rd, 2nd and 9th). Sam King was second on 49 which included 26 points because he had not played in the Irish Open. King had

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4464-482: The tour's Order of Merit in his rookie season. In May 2006, Molinari claimed his first European Tour victory, becoming the first Italian since Massimo Mannelli in 1980 to win the Telecom Italia Open . This victory helped him finish 38th on the Order of Merit. He did not win on Tour between 2007 and 2009 but during that time he recorded twenty top-10 finishes including three runner-up finishes. He finished 60th on

4536-458: The tournament with a score of −8, pairing with Tiger Woods in the final round. The win at the Open Championship moved him to sixth place in the Official World Golf Ranking, the highest ranking of his career to date. In September 2018, Molinari qualified for the European team participating in the 2018 Ryder Cup . Europe defeated the U.S. team 17 1 ⁄ 2 to 10 1 ⁄ 2 . Molinari became

4608-472: The world. The name euro was officially adopted on 16 December 1995 in Madrid . The euro was introduced to world financial markets as an accounting currency on 1 January 1999, replacing the former European Currency Unit (ECU) at a ratio of 1:1 (US$ 1.1743 at the time). Physical euro coins and banknotes entered into circulation on 1 January 2002, making it the day-to-day operating currency of its original members, and by March 2002 it had completely replaced

4680-433: The €500 with issuance discontinued as of 27 April 2019. However, both the first and the second series of euro banknotes, including the €500, remain legal tender throughout the euro area. In December 2021, the ECB announced its plans to redesign euro banknotes by 2024. A theme advisory group, made up of one member from each euro area country, was selected to submit theme proposals to the ECB. The proposals will be voted on by

4752-560: Was already two years old. While the conversion rates for the initial eleven currencies were determined only hours before the euro was introduced, the conversion rate for the Greek drachma was fixed several months beforehand. The currency was introduced in non-physical form ( traveller's cheques , electronic transfers, banking, etc.) at midnight on 1 January 1999, when the national currencies of participating countries (the eurozone) ceased to exist independently. Their exchange rates were locked at fixed rates against each other. The euro thus became

4824-496: Was an accounting unit used by the EU, based on the currencies of the member states; it was not a currency in its own right. They could not be set earlier, because the ECU depended on the closing exchange rate of the non-euro currencies (principally pound sterling ) that day. The procedure used to fix the conversion rate between the Greek drachma and the euro was different since the euro by then

4896-526: Was contested by the leading 60 players in the race following the season's penultimate event, the Hong Kong Open. The winner of the Race to Dubai also receives a ten-year European Tour exemption, while the winner of the Dubai World Championship receives a five-year exemption. The reduction in prize money, announced in September 2009, was due to the global economic downturn . In 2012, the bonus pool

4968-505: Was created by the Austrian designer Robert Kalina . Notes are issued in €500 , €200 , €100 , €50 , €20 , €10 , and €5 . Each banknote has its own colour and is dedicated to an artistic period of European architecture. The front of the note features windows or gateways while the back has bridges, symbolising links between states in the union and with the future. While the designs are supposed to be devoid of any identifiable characteristics,

5040-453: Was not included and so the last qualifying event was the delayed Southend Tournament . Charles Whitcombe became the first winner with an average of 71.62 for 24 rounds. He had played in 6 of the 7 events (all except the Irish Open) scoring 289, 289, 283, 294, 282 and 282 for a total of 1719. The Irish golfer Paddy Mahon was second with an average of 71.90. Six events were used in 1938 with

5112-411: Was reduced to $ 3.75 million with the winner getting $ 1 million and only the top 10 golfers getting a bonus. The bonus pool was increased to $ 5 million in 2014 with the top 15 players earning part of the pool. 2019 saw further changes: in 2018 the top 10 finishers on the Race to Dubai shared the bonus pool of $ 5 million, but as of 2019 the sum was split between only the leading five finishers. Whoever topped

5184-402: Was the 6th place at the 2014 Players Championship . These results allowed him to earn a full PGA Tour card for the 2014–15 season. In 2015 and 2016, Molinari shared his time between the European Tour and PGA Tour. In September 2016 he became the first Italian to win his national open twice with a 1 shot victory over Danny Willett at the 2016 Italian Open . Other notable results in Europe were

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