There are countries in the EU who have adopted the Euro. They are members of the Eurozone. There are other countries, who either don't want to adopt the Euro, or are in the process of adopting. Check the link below.
As of mid-2015 the euro is used in Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Not all members of the European Union use the euro as their common currency. Those that do are collectively referred to as the "eurozone".
Currently 16 of the 27 countries that are members of the European Union use the Euro. More countries will start to use the Euro in the coming years. The countries that use the Euro are collectively referred to as the Eurozone. It currently consists of Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.
What was once called the EEC, is now the EU or European Union. The EU has many currencies. 18 of its 28 members use the Euro, but as there are other currencies, neither it nor any others can be said to be the EU currency.
The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.The EU is the European Union, an organisation which has 27 of Europe's countries as members. The Euro is used as the currency of 17 of those countries and so it is one of the official currencies of the European Union.
The biggest savings is in trade between one country and the EU, or between the EU states. Conversion of currency is complex and needs a vast accounting system. Businesses would need to hedge against currencies if they sell products in different countries that use different currencies. One common currency in the EU makes this process much easier. Another advantage to the EU states is the power of their currency as a reserve currency for the world. A currency held by many states is more attractive as a reserve currency as the market for the currency is more liquid.
There are 10 currencies in the European Union. 19 of the 28 European Union countries use the Euro. The other 9 countries use their own currencies. They are the Bulgarian lev, British pound sterling, Croatian kuna, Czech koruna, Danish krone, Hungarian forint, Polish złoty, Romanian leu and the Swedish krona.
Euros, which are used in many countries in the EU.
Euros, which are used in many countries in the EU.
Mexican Pesos, but many places such as hotels will accept many other currencies.
12 currencies are used in the European Union. 17 countries use the Euro and the other 11 countries each use their own currency. In January 2014 18 will use the Euro and 10 will have their own currencies, so then there will be just 11 currencies.
Europe is a continent and has many countries, so there were many different currencies used in Europe in 1918, just as there is today.
The Yahoo exchange rate calculator currently supports up to 153 currencies. It supports all major currencies as well as many other, less common currencies.
Israeli shekel
No currency replaced "most" money in 2002. The euro was introduced that year and replaced the old national currencies of a dozen states in the EU, but that left untouched about 180 other national currencies in use around the world.