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.
The name euro was officially adopted on 16 December 1995. 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).ince late 2009, the euro has been immersed in the European sovereign-debt crisis which has led to the creation of the European Financial Stability Facility as well as other reforms aimed at stabilising the currency.
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.