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There is no actual EU currency. 19 of the 28 countries use the Euro, so this is sometimes thought of as being the EU currency. The other 9 countries in the European Union do not use the Euro and continue to use their own currencies.
Wiki User
∙ 8y ago
Wiki User
∙ 6y agoThe 'Common Currency', or the 'Single Currency' are names used to describe the Euro, the currency established by the European Union to be used by its members. It is common, because all EU member countries using the Euro control it jointly, via the European Central Bank.
The symbol for the Euro is '�'.
Not all European Union countries use it. Currently 19 of the 28 EU members use the Euro: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Portugal, Slovakia, Slovenia and Spain.
A further 6 small non-EU countries also use the Euro, but these countries have no say in how it is run: Andorra, Kosovo, Monaco, San Marino, Montenegro and the Vatican City.
The "Euro" .
Wiki User
∙ 9y agoThe European Union has it's own currency called the euro dollar..or often termed the Euro.
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What is the EEC currency?
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.
What is the economy in Sweden?
The economy in Sweden is strong, and the fastest growing in the EU, as of 2011. If you're refering to the currency, it is called 'krona' and the currency code is SEK.
What is the name of the currency used in the EU?
EUros
What is the currency of MOST of the EU countries?
the euro
What is the currency name used in the EU?
euro
What does EU stand for and how many countries are in the EU in international Business?
EU, I think means euro, like the currency of Europe €
Role of the EU in tourism?
If EU represent EURO currency, the advantage is that in Europe many countries have adopted EU for transactions. Tourists and travellors need not exchange currency.
Is Hungray Part of the EU?
Hungary joined the EU in 2004, but has not yet joined the Euro currency.
What was the original name EU's common currency?
Franks.
What is the currency of France financially?
Capital - Paris Currency - Euro and Francs
What are advantages of using the euro?
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.
What is the official currency of the EU?
The Euro is the official currency of the European Union, although not all Eu countries use it yet. Its lower denomination is the cent, of which there are 100 to 1 Euro.
