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Why might some countries be reluctant to adopt a common currency?
Wiki User
∙ 13y ago
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
Wiki User
∙ 13y ago
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Why might these countries not have wanted to adopt a single currency?
They didn't want to adopt to a single currency because it would withdraw their own coins and paperbill's from circulating.
Why might Britain be reluctant to adopt the euro as its currency?
I think that there is a sense of national identity around the currency that many people in the UK do not want to lose. For many years the political right in particular have drummed up resistance to the European Union and tying the country in to the broader economics of the Euro zone. Maybe an economist could give actual financial reasons for not changing the currency but for the general person in the street it seems to be a more emotional issue.
When did Spain become a member of the European Union?
Spain became a member of the European Union in 1986. It was also one of the first countries in the European Union to adopt the euro as its form of currency.
Why is it that most African countries adopt mixed economic system?
all countries have mixed economies
Is it a good thing for countries to adopt a free market economy?
Countries development becomes more faster
Why might some countries be reluctant to adopt common currency?
The most important reason is concern that the value of the currency will be more easily affected by factors outside the country's control.
Why might these countries not have wanted to adopt a single currency?
They didn't want to adopt to a single currency because it would withdraw their own coins and paperbill's from circulating.
Were any countries reluctant to adopt the si units as their measurement system?
Yes. Myanmar, Liberia, and the USA have refused so far.
What type of currency was adopted by the majority of countries in the European Union?
The Euro, which is the official currency of the European Union. It is a requirement to eventually adopt the Euro if you join the EU; however, two countries (Denmark and the United Kingdom) have opt-outs, meaning they are not required to adopt the Euro.
When did Poland adopt the euro as its currency?
Poland didn't adopt euro currency yet. Poland still uses PLN (Polish New Zloty).
When did Britain adopt the decimal system for currency?
Britain adopted decimal currency in 1971.
In 1999 all of the European nations agreed to adopt the euro as a common currency except?
Britain ,Because they have the very stong in value POUNDNote 100%
What currency was zloty?
THe Zloty IS the currency of Poland... and will remains so until they decide to adopt the Euro.
What country did not adopt the euro as it's currency?
Bosnia and the UK
Why might Britain be reluctant to adopt the euro as its currency?
I think that there is a sense of national identity around the currency that many people in the UK do not want to lose. For many years the political right in particular have drummed up resistance to the European Union and tying the country in to the broader economics of the Euro zone. Maybe an economist could give actual financial reasons for not changing the currency but for the general person in the street it seems to be a more emotional issue.
What were the three European countries that did not adopt the euro?
When the Euro was first introduced, there were 15 members of the European Union. The United Kingdom, Sweden and Denmark were the three countries that decided not to use it. They are the three countries you are referring to. However, since then, 13 new countries have joined the European Union, and as of the 1st of January 2014, 18 of the 28 European Union countries use the Euro.
When did Spain adopt the euro as it national currency?
Because your moma's so fat
