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350 million Europeans
- The euro is shared by close to 350 million Europeans. 60 countries and territories, representing 175 million people, have pegged their own currencies to the euro either directly or indirectly.
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Currently, the euro is the official currency of 19 of the 27 members of the European Union, constituting the Eurozone or euro area. Overall, the majority of countries using the euro as currency...
million Europeans. The euro is shared by close to 350 million Europeans. 60 countries and territories, representing 175 million people, have pegged their own currencies to the euro either directly or indirectly. 29.2. billion banknotes. In November 2023, there were 29.2 billion euro banknotes in circulation with a value of about EUR 1.5 trillion.
The euro is the most tangible proof of European integration: around 341 million people use it every day, making it the second most-used currency worldwide. The benefits of the common currency are immediately obvious to anyone travelling abroad or shopping online on websites based in another EU country.
Today, around 347 million citizens in 20 countries live in the euro area. This number will increase as future enlargements of the euro area continue to spread the benefits of the single currency more widely in the European Union.
How many people live in the euro area? With about 350 million inhabitants, the euro area is home to some 5% of the world’s population. That’s a higher number than live in the United States.
Currencies pegged to the U.S. dollar within narrow band. The international status and usage of the euro has grown since its launch in 1999. When the euro formally replaced 12 currencies on 1 January 2002, it inherited their use in territories such as Montenegro and replaced minor currencies tied to pre-euro currencies, such as in Monaco.
The euro unites us – it’s used by about 350 million people across 20 European Union countries. The euro is a beacon of stability and a symbol of European unity. It’s also one of the most trusted currencies in the world. Here at the European Central Bank, we work to safeguard its value.
