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The euro (symbol: €; currency code: EUR) is the official currency of 20 of the 27 member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone .
Although all EU countries are part of the Economic and Monetary Union (EMU), 20 of them have replaced their national currencies with the single currency – the euro. These EU countries form the euro area, also known as the eurozone.
Jan 30, 2020 · On January 1, 1999, one of the largest steps toward European unification took place with the introduction of the euro as the official currency in 12 countries (Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain).
EU countries and the euro. The euro is the currency of 20 EU Member States. Denmark has ‘opt-out’ clauses in the Treaty exempting him from participation, while the remainder have yet to meet the conditions for adopting the single currency.
Official EU currency. The euro is the official currency of 20 European Union countries which comprise the Eurozone. Read more here.
Explore this interactive map and the tables below it to find out which countries of the European Union are part of the euro area, as well as when they started using the euro.
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.
Convergence Reports. Scenarios for adopting the euro. Preparing for the cash changeover. Adoption of the fixed euro conversion rate. The international role of the euro. The euro could develop further its global role, reflecting the euro area’s economic and financial weight. EU countries and the euro. The euro is the currency of 20 EU Member States.
May 30, 2024 · The euro is an official currency not only within the EU. It is also used outside. Not surprisingly, the microstates of Andorra, Monaco, San Marino and Vatican City also use the euro.
Economy and Finance. The euro. What is the euro area? The euro area consists of those Member States of the European Union that have adopted the euro as their currency. All European Union Member States are part of Economic and Monetary Union (EMU) and coordinate their economic policy-making to support the economic aims of the EU.
