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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] Denmark is the only EU member state which has been granted an exemption from using the euro. [1]
Kosovo is a potential candidate for joining the European Union. The European Commission and the European Central Bank have voiced their discontent over countries unilaterally adopting the euro on several occasions in the past, [12] and it is unclear whether Kosovo would be able to accede to the EU while using the euro.
The euro is widely accepted in Serbia, although it has no formal approval, and the official currency of the country is the Serbian dinar Travel Schengen visa liberalisation
Several European microstates outside the EU have adopted the euro as their currency. For EU sanctioning of this adoption, a monetary agreement must be concluded. Prior to the launch of the euro, agreements were reached with Monaco, San Marino, and Vatican City by EU member states (Italy in the case of San Marino and Vatican City, and France in the case of Monaco) allowing them to use the euro ...
Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica Grenada
The euro has dived to its lowest level against the dollar in 20 years, underlining the sense of foreboding in the 19 European countries that use it. A euro is worth less than a dollar for the ...
The first Serbian dinars, like many other south-European coins, replicated Venetian grosso, including characters in Latin (the word 'Dux' replaced with the word 'Rex'). [7] It was one of the main export articles of medieval Serbia for many years, considering the relative abundance of silver coming from Serbian mines.
Since then, however, the European Commission and the ECB have expressed dissatisfaction with Montenegro's unilateral use of the euro, with European Commission spokesperson Amelia Torres saying in 2007 that "The conditions for the adoption of the euro are clear. That means, first and foremost, to be a member of the EU."