Private Cloud Storage. A form of cloud storage where the enterprise and cloud storage provider are integrated in the enterprise's data center. In private cloud storage, the storage provider has infrastructure in the enterprise's data center that is typically managed by the storage provider. Private cloud storage helps resolve the potential for security and performance concerns while still offering the advantages of cloud storage.
Use of the euro. The euro was launched on 1 January 1999, when it became the currency of more than 300 million people in Europe.For the first three years it was an invisible currency, only used for accounting purposes, e.g. in electronic payments.Euro cash was not introduced until 1 January 2002, when it replaced, at fixed conversion rates, the banknotes and coins of the national currencies like the Belgian franc and the Deutsche Mark.oday, euro banknotes and coins are legal tender in 19 of the 28 Member States of the European Union, including the overseas departments, territories and islands which are either part of, or associated with, euro area countries. These countries form the euro area.
The value of the euro, which started at USD 1.1686 on 31 December 1998, rose during its first day of trading, Monday, 4 January 1999, closing at approximately USD 1.18. It was rapidly taken up and dealers were surprised by the speed at which it replaced the national currencies.