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All 20 EU members that use the euro belong to the eurozone, an international economic alliance that also includes a few countries, such as Vatican City and Andorra, that are not EU members, but which have nonetheless adopted the euro as their official currency.
Aug 16, 2022 · Now, the euro area includes 19 European Union member states. The overseas territories of some of these countries also use the currency. Croatia will soon join the eurozone as its 20th...
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.
Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro . The euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar .
These countries form the euro area. The micro-states of Andorra, Monaco, San Marino and Vatican City also use the euro, on the basis of a formal arrangement with the European Union. Montenegro and Kosovo likewise use the euro, but without a formal arrangement.
Outside the EU, there are currently three French territories and a British territory that have agreements to use the euro as their currency. All other dependent territories of eurozone member states that have opted not to be a part of EU, usually with Overseas Country and Territory (OCT) status, use local currencies which are often pegged to ...
The euro is the official currency of 20 European Union countries which comprise the Eurozone. Read more here. Countries using the euro. The EU countries using the euro, with a focus on the euro area, also known as the eurozone, non-euro area countries, and opt-out countries. The euro internationally.
