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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]
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 ...
Despite deployment of COVID-19 vaccines, Europe became the pandemic's epicentre once again in late 2021. [9] On 11 January 2022, Dr. Hans Kluge , the WHO Regional Director for Europe said, "more than 50 percent of the population in the region will be infected with Omicron in the next six to eight weeks".
The U.S. dollar has surged relative to the euro. That could hurt American companies because their goods become more expensive for foreign buyers. The dollar is almost equal in value to the euro.
Throughout the pandemic, the U.S. has followed Europe by several weeks in waves of cases, and that may happen again, health experts warn.
US Dollar (37) 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
The U.S. dollar is also the official currency in several countries and the de facto currency in many others, with Federal Reserve Notes (and, in a few cases, U.S. coins) used in circulation. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank.
A mutiny is taking place in the global currency market, with a growing number of countries ditching the U.S. dollar in favor of China’s yuan — at least, that’s the rumor going around.