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Euro accepted unofficially in most establishments. Government of Gibraltar Saint Helena Ascension Island; Saint Helenian pound (parity with pound sterling) (US$ accepted in Ascension Island) Government of Saint Helena British Indian Ocean Territory; United States dollar (de facto) [3] [4] Sterling (de jure) [5] [6] [7] US Federal Reserve System
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 25 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
The currency of all the Crown Dependencies (Guernsey, Jersey, Isle of Man) and a third of British Overseas Territories (British Antarctic Territory; [40] [41] Falkland Islands and South Georgia and the South Sandwich Islands; Gibraltar; and Saint Helena, Ascension and Tristan da Cunha) [42] is either sterling or pegged to sterling at par.
The Currency Act allows for the issue of a Manx euro currency at parity with the euro, referred to as a "substitute euro", which has an Isle of Man inscription on the obverse side of the coins. This proposal would essentially have replaced the "substitute sterling" with a "substitute euro", as they would have functioned in the same way.
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
The euro is a major global reserve currency, the second most widely held international reserve currency after the U.S. dollar. [59] Inheriting this status from the German mark , its share of international reserves has risen from 23.65% in 2002 to a peak of 27.66% in 2009 before declining due to the European debt crisis , with Russia and Eastern ...
In England and Wales, although they might be accepted by any shop, they are often not accepted without explanation. [32] Like Scottish notes, clearing banks and building societies will accept them. Northern Irish pound sterling banknotes should not be confused with the Irish pound (or punt ), the former currency of the Republic of Ireland ...
International dollar – hypothetical currency pegged 1:1 to the United States dollar; Jamaican dollar – Jamaica; ... British Indian Ocean Territory (accepted)