Which countries use the euro currency?

The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency.

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.

What is the official currency of the Eurozone?

The Euro becomes the official currency for the participating member states. New countries join the Eurozone, including Slovenia (2007), Cyprus (2008), and Malta (2008). The Lisbon Treaty formalizes the Euro’s status and makes the Euro the official currency of the Eurozone.