Here is a complete list of the countries that use the euro. This guide has many euro-related facts and interesting information on the European currency.
Are you planning a trip to Europe in 2023 and want to know what currency you need? Or do you want to keep up-to-date with the latest global financial trends? If so, then this post is for you!
I live in Croatia, and we just moved to the eurozone in 2023, and I was shocked to learn how many countries use the euro.
The euro has become one of the most widely used currencies in the world, and knowing which countries are using the euro can be incredibly useful.
In this article, we’ll give you a complete list of all the countries that currently use the euro and provide some valuable insights into what this means for travelers, investors, and more. So grab a cup of coffee, sit back, and read on – because by the end of this post, you’ll be an expert on everything euro-related!
Euros – What Are They
The euro is the official currency of 20 out of 27 European Union member countries. It was introduced in 1999 and has since grown to be one of the world’s most traded currencies. Countries that use the euro are called the eurozone.
When the euro was first created, it was only used by 12 countries. Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain all adopted the euro as their official currency on January 1999. Slovenia joined in 2007, Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014, Lithuania in 2015, and Croatia in 2023.
There are currently 20 European Union member countries that use the euro as their currency: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy*, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.
When Was Euro First Used? And By Which Country
The euro was first used in 1999 when eleven European Union member states introduced it. These countries were Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. Greece later joined in 2001.
List Of European Countries Using The Euro
As of January 20are, 20 EU member states use the euro as their official currency; Croatia was the most recent; they joined in January 2023.
List Of Non-EU Countries Using The Euro
There are a number of countries that use the euro as their currency but are not members of the European Union.
- San Marino
- Vatican City
What Countries Are Part Of The European Union (EU)
There are 27 member states of the European Union. These countries are Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
The euro is the official currency of 20 of these 27 member states. The other seven member states have chosen to keep their own national currencies and have not yet adopted the euro. These countries are Bulgaria, Czech Republic, Denmark, Hungary, Poland, Ro, mania, and Sweden.
Why Are Some Countries In The EU Not Using The Euro As The Currency – Who Are They
There are several reasons why some EU countries have not adopted the euro as their currency. Some of these countries, like Denmark, have opt-outs from the monetary union. Other countries, like Sweden, have chosen not to join the eurozone despite being eligible to do so.
The main reason why some countries have not adopted the euro is that they believe that it would be detrimental to their economy.
These countries are concerned that they would lose control over their monetary policy and interest rates if they were to adopt the euro. Additionally, many of these countries have strong economies and don’t feel pressure to switch to the euro. For example, Sweden has one of the strongest economies in Europe, and its currency, the SweKronakrona, is very stable.
So far, only 20 out of 27 EU member states have adopted the euro as their currency. This means that there are still eight EU countries that are using their own national currencies. These include:
- Czech Republic
What Country Will Next Adopt The Euro As The Local Currency
This is a difficult question to answer, as many factors need to be considered before a country can adopt the euro as its local currency. Some of these factors include:
- The country’s economic stability
- The country’s political stability
- The country’s inflation rate
- The country’s trade deficit or surplus
- The country’s interest rates
There is no definite answer as to which country will be the next to adopt the euro as its local currency. However, it is believed that it would next be Bulgaria. The euro is targeted to be introduced in January 2025, leaving behind the “Lev,” making the euro Bulgaria’s second currency after more than 140 years.
Map Of Countries That Use The Euro
What Country Will Next Join The European Union (EU)
Other potential candidates for EU membership include Albania, Bosnia and Herzegovina, Kosovo, Montenegro, Serbia, and Turkey. All these countries are currently in various stages of negotiations or pre-accession processes with the EU.
Now that you have this list of countries that use the euro – which countries will you visit in 2023?