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Find out which EU countries use the euro and those which may adopt it or which have an opt-out. How EU countries can join the euro area.
The euro's stability and future existence was doubted and its share of global reserves fell to 19% by year-end 2015 (compared to 66% for the U.S. dollar). As of year-end 2020, these figures stand at 21% for the euro and 59% for the U.S. dollar.
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Which EU countries use the Euro?
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The US dollar (USD) is the official currency of the United States and the de facto currency for international trade and a reserve currency for much of the world. The Euro (EUR) is the currency of 22 European countries, including 17 countries in the European Union.
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.
EU members the United Kingdom, Denmark, Czech Republic, Hungary, Poland, Bulgaria, Romania, Croatia, and Sweden don't use the euro as of 2019. New EU member countries are working toward becoming part of the eurozone.
Jan 17, 2022 · Goldman Sachs last week predicted that the Eurozone would grow at a faster pace than the U.S. in 2022, projecting a growth rate of 4.4 percent for European Union currency area and only 3.5 percent for U.S. GDP.
Sep 27, 2023 · Five U.S. territories and 11 foreign nations use the U.S. dollar as their official currency. The U.S. dollar is also used with local currencies in several different popular tourist destinations.
