For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria. Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.

Denmark is the only EU member state which has been granted an exemption from using the euro. In Europe, the most commonly used currency is the euro (used by 25 countries) any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here.Ī currency is a medium of exchange, such as money, banknotes, and coins.

There are 29 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 with the United Nations General Assembly.

States which have unilaterally adopted the euro

All country currency to inr list