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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.
List of all European currencies Country Present currency Currency sign ISO 4217 code Fractional unit Previous currency Albania: lek [10] L ALL qindarke: none Andorra: euro [11] € [12] EUR euro cent: none official [11] [13] Armenia: dram ֏ AMD luma: ruble Austria: euro [14] € EUR euro cent: schilling [15] Azerbaijan: manat [16] ₼ AZN ...
The euro replaced the Croatian kuna on 1 January 2023. The exchange rate between the euro and kuna had been set on 12 July 2022 at 7.5345 HRK and similar to the previous launch of Slovenia, cash and non-cash transactions were introduced simultaneously on the same day and date the country also entered the Schengen Area.
Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone.A fixed conversion rate was set at €1 = kn 7.5345 [1]. Croatia's previous currency, the kuna (Croatian for marten), used the euro (and prior to that one of the euro's major predecessors, the German mark or Deutsche Mark) as its main reference since its creation in 1994, and a long-held ...
This is a list of countries by their exchange rate regime. [ 1 ] De facto exchange-rate arrangements in 2022 as classified by the International Monetary Fund .
The euro remains underweight as a reserve currency in advanced economies while overweight in emerging and developing economies: according to the International Monetary Fund [81] the total of euro held as a reserve in the world at the end of 2008 was equal to $1.1 trillion or €850 billion, with a share of 22% of all currency reserves in ...
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 ...
In May 2022, the government adopted a more definitive version of its euro introduction plan, reaffirming the country's commitment to adopt the euro on the target date. [7] On 21 February 2023, Bulgaria scrapped the idea of adopting the single currency on 1 January 2024 due to an internal political crisis. [8]