Countries That use the Euro as Their Currency

  • Post category:Economy
  • Post last modified:January 13, 2022

The Euro is one of the world’s most valued and traded currencies. The Euro is the official currency of the European Union. The circulation of Euro banknotes and coins is the largest in the world, surpassing the circulation of the US dollar in 2018, with over €1.2 trillion in circulation. After the US dollar, the euro is the second most foreign reserve currency, with €850 billion. The euro is the official currency of 19 countries of the European Union, in addition to four additional European territories.

The euro is a crucial part of the global financial system. Increasing cross-border transactions due to globalization have necessitated that many banks have access to local currency deposits in different parts of the world.

European Union (EU) Countries use ‘Euro’:

NO#COUNTRYPRESENT CURRENCYPREVIOUS CURRENCY
1AustriaEuro (€)Schilling
2BelgiumEuro (€)Belgian franc
3CyprusEuro (€)Cypriot pound
4EstoniaEuro (€)Estonian kroon
5FinlandEuro (€)Finnish markka
6FranceEuro (€)French franc
7GermanyEuro (€)Deutsche Mark
8GreeceEuro (€)Greek drachma
9IrelandEuro (€)Punt
10ItalyEuro (€)Italian lira
11LatviaEuro (€)Latvian lats
12LithuaniaEuro (€)Lithuanian litas
13LuxembourgEuro (€)Luxembourgish franc
14MaltaEuro (€)Maltese lira
15NetherlandsEuro (€)Dutch guilder
16PortugalEuro (€)Portuguese escudo
17SlovakiaEuro (€)Slovak koruna
18SloveniaEuro (€)Slovenian tolar
19SpainEuro (€)Spanish peseta
Other European Countries use 'Euro':
20AndorraEuro (€)None official
21MonacoEuro (€)Monegasque franc
22San MarinoEuro (€)Sammarinese lira
23Vatican CityEuro (€)Vatican lira

Euro Banknotes:

€ 5
€ 10
€ 20
€ 50
€ 100
€ 200
€ 500

Euro Coins:

Interesting Facts:

  • ” is the symbol of Euro Currency and EUR is the ISO 4217 Code.
  • The 23 European Countries using ‘Euro’, it is popularly known as “Eurozone”.
  • Some nations outside of the Eurozone primarily trade using the ‘Euro’ currency.
  • Kosovo and Montenegro also use the euro as their only currency.
  • The ‘Euro’ is under the jurisdiction of the European Central Bank and the Eurosystem.
  • The Eurosystem is responsible for the printing and distribution of Euro currency notes and coins.
  • After the US Dollar ($), the Euro is the world’s second biggest reserve and most traded currency.
  • The Euro is the most frequently used currency in the world, with about €1.2 trillion in circulation (banknotes and coins).
  • The ‘Euro’ is used by over 343 million Europeans, and it is the second most widely used currency in the world.
Posted by: Worldlistmania Contributor