Currencies of the European Union
Introduction There are eight '''currencies of the European Union'''  used officially by member states. The euro accounts for the majority of the member states with the remainder operating independent monetary policies. Those European Union states that have adopted it are known as the eurozone and share the European Central Bank (ECB). The ECB and the national central banks of all EU countries, including those who operate an independent currency, are part of the European System of Central Banks.
Euro The euro is the result of the European Union's project for economic and monetary union that came fully into being on 1 January 2002 and it is now the currency used by the majority of the European Union's member states, with all but Denmark (which has an opt-out in the EU treaties) bound to adopt it. It is the currency used by the institutions of the European Union and in the failed treaty on a European Constitution it was to be included with the symbols of Europe as the formal currency of the European Union. The euro is also widely used by other states outside the EU.Except for Denmark, all current and future members of the EU are obliged to adopt the Euro as their currency, thus replacing their current ones. The relationship between euro and non-euro states has been on debate both during the United Kingdom's membership (as a large opt-out state) and in light of withdrawal from the EU and how that impacts the balance of power between the countries inside and those outside the eurozone, avoiding a eurozone caucus out-voting non-euro states. Former member United Kingdom had called for the EU treaties to recognise the EU as a "multicurrency union", which sparked concerns about undermining euro adoption in remaining countries.
Current currencies Map of currencies used within the EU and dates of Euro adoptionThe following are official and unofficial currencies used within the borders of the 27 EU Member states: Currency Region Symbol ISO Peg Notes Euro€EURFloatingAlso used by EU institutionsBulgarian levлвBGNERM II (Currency board)Czech korunaKčCZKFloatingDanish kronekrDKKERM IIHungarian forintFtHUFFloatingPolish złotyzłPLNFloatingRomanian leuLeuRONFloatingSwedish kronakrSEKFloatingSwiss franc23px Campione d'Italia (part of Italy)23px Büsingen am Hochrhein (part of Germany)Fr.CHFFloatingSwiss franc is issued by Switzerland.Turkish lira23px Northern Cyprus (de jure part of Cyprus)TLTRYFloatingTurkish lira is issued by Turkey. :''Note that there are other currencies used in overseas territories of member states. Those territories however are not part of the European Union proper (legally subject to all its law) so are not listed here.''
Historic currencies  Currency State Symbol ISO Yieldedon Rate toeuro Notes Austrian schilling  S or öS (ATS) 1999/2002 13.7603 Belgian franc  fr. (BEF) 1999/2002 40.3399  Croatian kuna  kn (HRK) 2023 7.5345 Cypriot pound  £ (CYP) 2008 0.585274 Dutch guilder  ƒ or fl. (NLG) 1999/2002 2.20371 Estonian kroon  Kr (EEK) 2011 15.6466 Finnish markka  mk (FIM) 1999/2002 5.94573 French franc  ₣, F or FF (FRF) 1999/2002 6.55957  German mark  DM (DEM) 1999/2002 1.95583 Greek drachma   (GRD) 2001/2002 340.75 Irish punt  £ (IEP) 1999/2002 0.787564  Italian lira  ₤, L. or LIT (ITL) 1999/2002 1,936.27  Latvian lats  Ls (LVL) 2014 0.702804 Lithuanian litas  Lt (LTL) 2015 3.4528 Luxembourgian franc  fr. or F (LUF) 1999/2002 40.3399  Maltese lira  ₤ or Lm (MTL) 2008 0.4293 Pound sterling  £ GBP was part of EU until Brexit  Portuguese escudo   or $ (PTE) 1999/2002 200.482 Slovak koruna  Sk (SKK) 2009 30.126 Slovenian tolar  SIT (SIT) 2007 239.64 Spanish peseta  ₧ (ESP) 1999/2002 166.386   ₠, ECU or XEU (XEU) 1999/2002 1
See also *Economy of the European Union*List of currencies in Europe
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