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Although all EU countries are part of the Economic and Monetary Union (EMU), 20 of them have replaced their national currencies with the single currency – the euro. These EU countries form the euro area, also known as the eurozone.
- ECOFIN Council
It also prepares the EU's annual budget and takes care of...
- What is the euro area?
The euro area consists of those Member States of the...
- ECOFIN Council
The euro is the official currency of 20 European Union countries which comprise the Eurozone. Read more here. Countries using the euro. The EU countries using the euro, with a focus on the euro area, also known as the eurozone, non-euro area countries, and opt-out countries. The euro internationally.
The euro area, commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro as their primary currency and sole legal tender, and have thus fully implemented EMU policies.
- 1 January 1999
- European Union
Find out more about related content. Euro foreign exchange reference rates. Daily nominal effective exchange rate of the euro. Overview of the use, production, stocks and issuance of the euro banknotes and coins.
Euro foreign exchange reference rates. The reference rates are usually updated at around 16:00 CET every working day, except on TARGET closing days. They are based on the daily concertation procedure between central banks across Europe, which normally takes place around 14:10 CET.
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.
