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- 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).
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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. Austria; Belgium; Croatia; Cyprus; Estonia; Finland; France; Germany; Greece; Ireland; Italy; Latvia; Lithuania ...
3 days ago · 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.
CountryRegionWestern EuropeSouthern EuropeWestern EuropeSouthern EuropeWhich countries use Euros? Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain use the Euro.
Countries that use the euro. EU members not using the euro. Coins and banknotes. History. Direct and indirect usage. Economics. Exchange rates. Political considerations. Euro in various official EU languages. See also. Notes. References. Further reading. External links. Euro Monetary policy. Euro Zone inflation year/year. M3 money supply increases.
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 is also used in countries outside the EU. Four states (Andorra, Monaco, San Marino, and Vatican City) have signed formal agreements with the EU to use the euro and issue their own coins. Nevertheless, they are not considered part of the eurozone by the ECB and do not have a seat in the ECB or Euro Group.
Economy and Finance. The euro. 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. Austria and the euro.