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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] Denmark is the only EU ...
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 ...
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.
This category contains the currencies that were replaced by the euro and directly preceding the euro. Pages in category "Currencies replaced by the euro" The following 23 pages are in this category, out of 23 total.
Countries that have made legal agreements with the EU to use the euro: Andorra, Monaco, San Marino, Vatican City Countries that unilaterally use the euro: Montenegro , Kosovo Currencies pegged to the euro: Cape Verdean escudo , CFA franc , CFP franc , Comorian franc , Bulgarian lev , Bosnia and Herzegovina convertible mark , São Tomé and ...
The euro area, [8] commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro as their primary currency and sole legal tender, and have thus fully implemented EMU policies.
These countries generally had previously implemented a currency peg to one of the major European currencies (e.g. the French franc, Deutsche Mark or Portuguese escudo), and when these currencies were replaced by the euro their currencies became pegged to the euro. Pegging a country's currency to a major currency is regarded as a safety measure ...
Country Currency Central bank Pegged with Albania: Albanian lek: Bank of Albania Armenia: Armenian Dram: Central Bank of Armenia Azerbaijan: Azerbaijani Manat: Central Bank of Azerbaijan Belarus: Belarusian rubel: National Bank of the Republic of Belarus Bosnia and Herzegovina: Bosnia and Herzegovina convertible mark: Central Bank of Bosnia and ...