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How Many Countries Use The Euro As Their Currency? - Answers

How Many Countries Use The Euro As Their Currency?

The Euro (€) is the official currency of the European Union (EU). It is, however, not incumbent upon the members of the EU to use the Euro.

Thus, the Euro is the official currency of some 19 EU member states. Apart from this, two non-EU countries have also adopted the use of the Euro. In addition to these, four micro-states also use the Euro as their currency of exchange.

This takes the total number of countries using the Euro up to 25.

Here’s a list of the EU member nations and the date they adopted the Euro.

 

Country Euro Adopted on
Austria  January 1, 1999
Belgium  January 1, 1999
Finland  January 1, 1999
France  January 1, 1999
Germany  January 1, 1999
Ireland  January 1, 1999
Italy  January 1, 1999
Luxembourg  January 1, 1999
Netherlands  January 1, 1999
Portugal  January 1, 1999
Spain  January 1, 1999
Greece  January 1, 2001
Slovenia  January 1, 2007
Cyprus  January 1, 2008
Malta  January 1, 2008
Slovakia  January 1, 2009
Estonia  January 1, 2011
Latvia  January 1, 2014
Lithuania  January 1, 2015

The EU member nations that do not use the Euro as their currency

  • Bulgaria
  • Croatia
  • Czech Republic
  • Denmark
  • Hungary
  • Poland
  • Romania
  • Sweden,
  • United Kingdom

Apart from the member nations two non-EU countries Kosovo and Montenegro also use the Euro. Four very small states (micro-states) – Andorra, Monaco, San Marino, and Vatican City – also use the Euro.

Eurozone usually refers to the 19 EU member nations (of 28 EU members), which use the Euro as legal tender. The total number of people regularly using the Euro as their currency is pegged at about 337 million.

It is the second largest traded currency after the US Dollar. As of 2017, over 1,109 billion Euros are in circulation across the world.

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