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Jun 6, 2017 · The Euro is the common currency used in 19 of the 28 EU member countries. But if you venture outside these 19 – the Eurozone – you’ll have to deal with another currency using different notes, coins, and exchange rates. The euro is also legal tender in Monaco, San Marino, and Vatican City.
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Mar 6, 2024 · Map indicating which members of the European Union use the euro as their national currency. The Greek Cypriot sector of Cyprus (not shown) also has adopted the euro. Encyclopædia Britannica, Inc. Recent News. Apr. 30, 2024, 9:37 AM UTC (AP) Poland is still not ready to adopt the euro, its finance minister says. Top Questions. What is the euro?
In Europe, the most commonly used currency is the euro (used by 25 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 member state which has been granted an exemption from using the euro. [1]
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.
- EUR (numeric: .mw-parser-output .monospaced{font-family:monospace,monospace}978)
- Varies, see language and the euro
The euro as the official currency. The euro is the official currency of 20 European Union countries which collectively make up the euro area, also known as the eurozone. Some EU countries have yet to meet the criteria required to join the euro area while Denmark has opted not to participate.
There are eight currencies of the European Union as of 2023 used officially by member states. The euro accounts for the majority of the member states with the remainder operating independent monetary policies. Those European Union states that have adopted it are known as the eurozone and share the European Central Bank (ECB).
Countries using the euro. 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.
