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This is a group of nations that use the euro as their common currency. It is not one but several. In alphabetical order they are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain

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What is the common currency of Europe?

It is the euro.


When was the common currency of the EU introduced?

The common currency of Europe was first introduced on Jan 1, 2002


Which is the common currency of European?

In Europe most countries use the Euro, but others have their own currency such as the UK


Why is the Euro controversial to some in Europe?

The Euro is a controversial currency at the moment because it has been dragged down by the European debt crisis. The price of the Euro isn't at its lowest point, in fact its near its highest in two years. However, the Euro has been flirting between drops and gains over this period of economic turmoil in Europe. The idea of the Euro, a common currency, is not truly controversial in Europe, however. The idea of a common currency allows for easy trading, for example.


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Europe is all ready united. They have a common currency and open borders.


What reunited most of Europe?

Economics were the driving force of the now outdated Common Market of Europe. This broke down tax and other trade tariffs that hampered European trade. The next step towards an economic union among European nations was a common currency, the Euro. Most of Europe is now an economic and political force called the EU or the European Union. Thus, Europe became united for better trade and prosperity,


What is the Middle Eastern countries' currency?

Each Middle Eastern country has a unique currency. Unlike Europe or Central Africa, there is no common Middle Eastern currency.


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The US dollar is equal to 0.738934457 Euros. Euros are the common form of currency in Europe.


What do you call the money of Europe?

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the euro is a common currency across much of EUROpe.


How is the common currency is related to the geography of Europe?

I am not sure you can relate a common currency to the geography of any place. A common currency allows easy trading. Geography can affect trading, by making it either difficult or easy to trade between point A and B.


What is a reason why it is helpful for many nations of Europe to adopt the euro as their official currency?

Adopting the euro as their official currency helps many European nations facilitate trade and economic integration by eliminating currency exchange costs and minimizing exchange rate volatility. This creates a more stable economic environment, encouraging investment and boosting consumer confidence. Additionally, using a common currency enhances the ability of member states to collaborate on monetary policy, promoting overall economic stability within the Eurozone.