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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 ] when they meet the five convergence criteria. [ 2 ]
Alexander the Great on the first Albanian 1 Lek coin.. The lek was introduced as the first Albanian currency in February 1926. [2]Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values.
During the Balkan Wars and on the eve of World War I, bank note conversions to gold and silver were temporarily suspended. [10] During World War I, silver notes for 50 and 5 dinars were introduced in 1914 and 1916, respectively. In 1915, stamps were authorized for circulation as currency in denominations of 5, 10, 15, 20, 25, 30, and 50 paras.
Until 1918, the dinar was the currency of Serbia. It then became the currency of the Kingdom of Serbs, Croats and Slovenes, circulating alongside the krone in Croatia, Slovenia and Bosnia and Herzegovina, with 1 dinar = 4 kronen. The first coins and banknotes bearing the name of the Kingdom of Serbs, Croats and Slovenes were issued in 1920 ...
In 2016, it had the fourth-lowest unemployment rate in the Balkans with an estimated value of 14.7%. Its largest trading partners are Italy, Greece, China, Spain, Kosovo and the United States. The lek (ALL) is the country's currency and is pegged at approximately 132.51 lek per euro.
Owing to hyperinflation, they circulated just for a couple of weeks before the currency was abandoned in favour of the novi dinar, pegged to the Deutsche Mark as it was used parallel with dinar. Novi dinar's peg to DM lasted until 1996 when the National Bank of Yugoslavia moved to floating exchange rate. 10 and 100 dinara notes were ...
Montenegro on Tuesday extradited a South Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S ...
Situated in Southeast Europe, Republika Srpska is located on the Balkan Peninsula, ... The currency is pegged to the euro at a unit rate of 1.95583 convertible marks.