What currency does the EU use?

Currently, the euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone, officially called the euro area. In order to join the euro area, EU member states are required to fulfil so-called ' convergence criteria '.

Which EU countries have adopted the Euro?

The euro is the currency of 20 EU Member States. Denmark has ‘opt-out’ clauses in the Treaty exempting him from participation, while the remainder have yet to meet the conditions for adopting the single currency. Austria joined the European Union in 1995 and was one of the first countries to adopt the euro on 1 January 1999.

Which countries use the Euro?

These countries form the euro area. The micro-states of Andorra, Monaco, San Marino and Vatican City also use the euro, on the basis of a formal arrangement with the European Union. Montenegro and Kosovo likewise use the euro, but without a formal arrangement.