0
Euro is the official currency of the European Union.
However, some countries inside the EU, decided to keep their traditionnal money (UK sill use the Pound).
The Euro zone is the group of countries that had adopted the Euro (€) as their currency.
On the 27 countries in the EU, 15 countries belong to the zone Euro.
The other countries have either refused (UK, Sweden, Denmark....) adopting the Euro or are waiting for their Economies to be fit with the legal economics demandings defined by the EU.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is a similarity between a Euro and an American dollar?
Euro is nothing but has the currency which is used in European countries it is used in 16 of the 27 countries which is known has Euro zone and American dollar is the dollars which is used outside the banks of the European countries and their is also a lot difference in the value of Euro and Dollars
What is Optimum Currency Area theory?
It is a theory in economics that says which regions or countries in the world should share the same currency. This theory helps when a country is thinking of joining a currency zone (joining the euro zone in Europe, for instance).
Countries in euro zone?
Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
How many 50 Euro cents in one Euro?
One euro is 100 cents, so there are two fifty euro cents in one euro.
How much 50 euro cent in INR?
1 euro= 100 cents 1 euro = 60 rupees approximately. 50 euro cent's= half a euro (according to the euro currency rate) 50 euro cents= 30 rupees approx.
Is it Eurozone or Euro Zone?
Euro zone
Is euro zone one word or two?
Euro zone is two words. It's the zone where the Euro is used as a unit of currency.
Is Wales part of Euro zone?
No. Wales uses Sterling not the Euro.
Is Andorra in the Euro zone?
yes
Is Czech Republic in the Euro zone?
No.
Is Switzerland in Euro zone?
No Switzerland is in Europe but didn't agree to use Euro.
What impact does the euro have on Europe?
At the moment the euro has a huge impact of those in the euro zone and also those that aren't in the euro zone, the state of the euro affects the price of imports and exports as for example, places like England do a lot of trading with countries within Europe. However, for industries such as tourism the Euro can have a good impact for those who aren't in the euro zone as the value of the euro goes down- so instead of the euro being worth £1.50 it is worth £1.30.
Why can't legal payments to Romania be in Euro?
Because Romania is not a member of the euro zone.
When did the euro zone start?
november 14
Is Denmark in the euro zone?
Denmark joined the EU in 1973 as one of the first countries.
What hungary people use euro currency?
Usually those who travel to the Euro Zone because we don't use the Euro yet.
Is Austria in the euro zone?
Yes. From the very beginning on
