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.
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
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).
Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, and Spain.
One euro is 100 cents, so there are two fifty euro cents in one euro.
EUR - Euro, because Tenerife is part of Spain.
Euro
Euro is in use in Tenerife from 1 January 2002.
Due to Tenerife being a part of Spain, the currency is the Euro.
Yes, Tenerife and England share the same time zone.
1. The official language in Tenerife is the Spanish language. 2. The official currency in Tenerife is euro.
Tenerife is an integral part of Spain and uses the Euro just like the rest of Spain!
Euro zone
Tenerife is part of Spain, which is one of the European countries using the Euro. (It is divided into 100 centimos.)
Euro zone is two words. It's the zone where the Euro is used as a unit of currency.
Tenerife is in the same time zone as the UK and, similarly, changes from Greenwich Mean Time to British summer time, too!
Today 16.05.2012: 1 British pound = 1,253 60 euro.