the euro is the name given to the common currency to the european union.
what is the name given to the common currency to the european union?
the euro
bullet::::- the halting of the loans from the central banks of the four concerned countries to the public sector,





























bullet::::- the convergence of government law and policy in the financial sector.





























however, as of 2019, no significant developments had been announced.





























section::::see also.





























bullet::::- euro, the european union's common currency





























bullet::::- afro, proposed currency for the african union





























bullet::::- eco, another attempt at an african common currency, within the economic community of west african states (ecowas) community.





























bullet::::- the west african cfa franc and central african cfa franc (cfa), both of which are existing currency unions in africa
khaleeji (currency)
however, there are conditions for a common currency: the intensity of intra-regional trade and the convergence of macroeconomic conditions. substantial intra-asean trade (which is growing, partly as a result of the asean free trade area (afta) and the asean economic community.) and economic integration is an incentive for a monetary union. member states currently trade more with other countries (80%) than among themselves (20%). therefore, their economies are more concerned about currency stability against major international currencies, like the us dollar. on macroeconomic conditions, member states have different levels of economic development, capacity, and priorities that translate into different levels of interest and readiness. monetary integration, however, implies less control over national monetary and fiscal policy to stimulate the economy. therefore, greater convergence in macroeconomic conditions is being enacted to improve conditions and confidence in a common currency. other concerns include weaknesses in the financial sectors, inadequacy of regional-level resource pooling mechanisms and institutions required to form and manage a currency union, and lack of political preconditions for monetary co-operation and a common currency.
association of southeast asian nations