Affidavit Add EU Currency Field For Free

Introducing the Euro: The Euro is the new 'single currency' of the European Monetary Union, adopted on January 1, 1999 by 11 Member States. Greece became the 12th Member state to adopt the Euro on January 1, 2001. On January 1, 2002, these 12 countries officially introduced the Euro banknotes and coins as legal tender.

Key Takeaways. The United Kingdom, while part of the European Union, does not use the euro as a common currency. The UK has kept the British Pound because the government has determined the euro does not meet five critical tests that would be necessary to use it.

Member States: Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Denmark, Ireland, United Kingdom, Greece, Spain and Portugal.

The number of EU countries that do not use the euro as their currency; the countries are Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, Sweden, and the United Kingdom.

After a decade of preparations, the euro was launched on 1 January 1999: for the first three years it was an 'invisible' currency, only used for accounting purposes and electronic payments. Coins and banknotes were launched on 1 January 2002, and in 12 EU countries the biggest cash changeover in history took place.

All EU Member States, except Denmark, are required to adopt the euro and join the euro area. To do this they must meet certain conditions known as 'convergence criteria'.

Luxembourg and the euro Luxembourg is a founding member of the European Union and one of the first countries to adopt the euro on 1 January 1999.

Experts say Germany is committed to the euro, and prepared to go to great lengths to protect it. Germany found it very difficult to give up the Deutschmark it was a symbol of the country's recovery, and giving that up to join the euro was a big sacrifice, said Loughlin.

All EU members which have joined the bloc since the signing of the Maastricht Treaty in 1992 are legally obliged to adopt the euro once they meet the criteria, since the terms of their accession treaties make the provisions on the euro binding on them.

Lithuania joined the European Union in 2004 and adopted the euro on 1 January 2015.