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There are 27 currencies currently used in the 50 countries of Europe. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ...
The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark (which has an opt-out in the EU treaties) bound to adopt it.
Use standard euro coins issued by the UK and other eurozone countries. This may be perceived by some as losing an important symbol of independence. Maintain their existing currency, but peg at a fixed rate with the euro. Maintaining a fixed rate against currency speculators can be extremely expensive, as the UK found on Black Wednesday.
Money portal; Sterling area; Bank of England; Currencies of the British West Indies; International status and usage of the euro; Commonwealth banknote-issuing institutions; List of countries by leading trade partners; List of stock exchanges in the United Kingdom, the British Crown Dependencies and United Kingdom Overseas Territories
Currency Central bank Pegged with Austria: Euro: Oesterreichische Nationalbank: float Belgium: National Bank of Belgium Croatia: Croatian National Bank Cyprus: Central Bank of Cyprus Estonia: Bank of Estonia Finland: Bank of Finland France: Bank of France Germany: Deutsche Bundesbank Greece: Bank of Greece Ireland: Central Bank of Ireland Italy ...
The euro area, [8] commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro as their primary currency and sole legal tender, and have thus fully implemented EMU policies.
Countries that have made legal agreements with the EU to use the euro: Andorra, Monaco, San Marino, Vatican City; Countries that unilaterally use the euro: Montenegro, Kosovo; Currencies pegged to the euro: Cape Verdean escudo, CFA franc, CFP franc, Comorian franc, Bulgarian lev, Bosnia and Herzegovina convertible mark, São Tomé and Príncipe ...
The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. [8] It is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar .