List of currencies in Europe

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The eurozone as of 2013
  Eurozone member states
  ERM II member states
  Other EU member states
  States using the euro as a result of a treaty
  States which have unilaterally adopted the euro

There are 28 currencies currently used in the 50 countries of Europe, all of which are members of the United Nations, except Vatican City, which is an observer.[1] All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here.

A currency is a medium of exchange, such as money, banknotes, and coins.[2] In Europe, the most commonly used currency is the euro; any country entering the European Union (EU) is expected to join the eurozone[3] when they meet the five convergence criteria.[4] Denmark is the only EU member which has been granted an exemption from using the euro,[3] Sweden has also not adopted the Euro, although unlike Denmark, it has not formally opted out, instead, fails to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.[5][6] For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.[3]

The pound sterling, used by the United Kingdom, is rated at fourth on Investopedia's list of the top 8 most tradable currencies, saying that it is a "little bit more volatile than the euro".[7] It was ranked just ahead of the Swiss franc, ranked fifth, which is used in Switzerland and Liechtenstein, saying that the set up of the Swiss banking "emphasizes the economic and financial stability policies dictated by the governing board of the SNB". Both are in the top 8 major currencies on Bloomberg.[8] Various countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona.[9]

At present, the euro is legal tender in 19 out of 28 European Union member states,[10] in addition to 5 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra and Montenegro).[11] The Republic of Kosovo also uses the euro,[11] but is only partially recognised as an independent state.

European currencies[edit]

List of all European currencies
Country Present currency Currency sign ISO 4217 code Fractional unit Previous currency
 Albania Albanian lek[12] L[13] ALL Qindarkë N/A
 Andorra Euro[14] [15] EUR Cent None official[14][16]
 Austria Euro[17] EUR Cent Schilling[18]
 Azerbaijan Azerbaijani manat[19] AZN Qapik Russian ruble[20]
 Belarus Belarusian ruble[21][22] Br BYN Kopeck Second Ruble[23]
 Belgium Euro[24] EUR Cent Belgian franc[25]
 Bosnia and Herzegovina Bosnia and Herzegovina convertible mark[26] KM BAM Fening Bosnia and Herzegovina dinar[27]
 Bulgaria Bulgarian lev[28] лв BGN Stotinka N/A
 Croatia Croatian kuna[29] kn HRK Lipa Croatian dinar[30]
 Cyprus Euro[31] EUR Cent Cypriot pound[32]
 Czech Republic Czech koruna[33] CZK Haléř Czechoslovak koruna[34]
 Denmark Danish krone[35] kr. DKK Øre Danish rigsdaler[36]
 Estonia Euro[37][38] EUR Cent Estonian kroon[39][40]
 Finland Euro[41] EUR Cent Finnish markka[42]
 France Euro[43] EUR Cent French franc[44]
 Georgia Georgian lari[45] GEL Tetri Kupon lari[46]
 Germany Euro[47] EUR Cent Deutsche Mark
 Greece Euro[48] EUR Cent Greek drachma[49]
 Hungary Hungarian forint[50] Ft HUF Fillér Hungarian pengő[51]
 Iceland Icelandic króna: second króna[52] kr, Íkr ISK Aurar Icelandic króna: first króna[52]
 Ireland Euro[53] EUR Cent Punt[54]
 Italy Euro[55] EUR Cent Italian lira[56]
 Latvia Euro EUR Cent Latvian lats[57]
 Liechtenstein Swiss franc[58][59] CHF CHF Rappen, also called Centime, Centesimo, and Rap Liechtenstein krone[60]
 Lithuania Euro [61][62] EUR Cent Lithuanian litas
 Luxembourg Euro[63] EUR Cent Luxembourgish franc[64]
 Republic of Macedonia Second Macedonian denar[65] ден MKD Deni First Macedonian denar[66]
 Malta Euro[67] EUR Cent Maltese lira[68]
 Moldova Moldovan leu[69] L MDL Ban Moldovan cupon[70]
 Monaco Euro[71] EUR Cent Monegasque franc
 Montenegro Euro[71] EUR Cent Deutsche Mark[72]
 Netherlands Euro[73] EUR Cent Dutch guilder[74]
 Norway Norwegian krone[75] kr, – NOK Øre Norwegian speciedaler[76]
 Poland Polish złoty[77] PLN Grosz Polish marka
 Portugal Euro[78] EUR Cent Portuguese escudo[79]
 Romania Romanian new leu[80] lei RON ban Third Romanian leu[81]
 Russia Russian ruble[82] RUB Kopeyka Fifth Ruble[82]
 San Marino Euro[83] EUR Cent Sammarinese lira[83]
 Serbia Serbian dinar[84] RSD or РСД (unofficial: din. or дин.) RSD Para Yugoslav dinar[84]
 Slovakia Euro[85] EUR Cent Slovak koruna[85]
 Slovenia Euro[86] EUR Cent Slovenian tolar[86]
 Spain Euro[87] EUR Cent Spanish peseta[87]
 Sweden Swedish krona[88] kr SEK Öre Swedish riksdaler[88]
  Switzerland Swiss franc[89] CHF[89] CHF Rappen, also called Centime, Centesimo, and Rap None[89]
 Turkey Turkish lira[90] TRY Kuruş First Turkish Lira[90]
 Ukraine Ukrainian hryvnia[91] UAH Kopiyka (копійка) Ukrainian karbovanets[91]
 United Kingdom Pound sterling[92] £ GBP Penny (pl. Pence) Pound sterling[93]
  Vatican City Euro[94] EUR Cent Vatican lira[95]

See also[edit]

References[edit]

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  86. ^ a b "Slovenian Tolar". Oanda. Retrieved 18 September 2013. 
  87. ^ a b "Spanish peseta". Oanda. Retrieved 18 September 2013. 
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  89. ^ a b c "Swiss Franc". Oanda. Retrieved 19 September 2013. 
  90. ^ a b "Turkish Lira". Oanda. Retrieved 19 September 2013. 
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External links[edit]