List of currencies in Europe explained

There are 29 currencies currently used in the 50 countries of Europe. All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here.

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[1] when they meet the five convergence criteria.[2] Denmark is the only EU member state which has been granted an exemption from using the euro.[1] 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.[3] [4] For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.[1]

The United Kingdom's currency, sterling, is rated fourth on Investopedia's list of the top 8 most tradable currencies, and that it is a "little bit more volatile than the euro".[5] 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.[6] Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona.[7]

At present, the euro is legal tender in 20 out of 27 European Union member states,[8] in addition to 6 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra, Kosovo and Montenegro).[9]

European currencies

List of all European currencies
CountryPresent currencyCurrency signISO 4217 codeFractional unitPrevious currency
Albanialek[10] LALLqindarkenone
Andorraeuro[11] €[12] EUReuro centnone official[13]
Armeniadram֏AMDlumaruble
Austriaeuro[14] €EUReuro centschilling[15]
Azerbaijanmanat[16] ₼AZNgapikruble[17]
Belarusruble[18] [19] RblBYNkopeckold ruble[20]
Belgiumeuro[21] €EUReuro centfranc[22]
Bosnia and Herzegovinamark[23] KMBAMfeningdinar[24]
Bulgarialev[25] лв.BGNstotinkaold lev (BGL)
Croatiaeuro[26] €EUReuro centKuna[27]
Cypruseuro[28] €EUReuro centpound[29]
Czech Republickoruna[30] KčCZKhellerCzechoslovak koruna[31]
Denmarkkrone[32] kr.DKKørerigsdaler[33]
Estoniaeuro[34] [35] €EUReuro centkroon[36] [37]
Finlandeuro[38] €EUReuro centmarkka[39]
Franceeuro[40] €EUReuro centfranc[41]
Georgialari[42] ₾GELtetrikuponi[43]
Germanyeuro[44] €EUReuro centmark
Greeceeuro[45] €EUReuro centdrachma[46]
Hungaryforint[47] Ft.HUFfillérpengő[48]
Icelandkróna[49] Kr.ISKaurarold króna
Irelandeuro[50] €EUReuro centpunt[51]
Italyeuro[52] €EUReuro centlira[53]
Latviaeuro€EUReuro centlats[54]
Liechtensteinfranc[55] [56] CHFCHFrappen, also called
centime, centesimo, and rap		krone[57]
Lithuaniaeuro[58] [59] €EUReuro centlitas
Luxembourgeuro[60] €EUReuro centfranc[61]
Maltaeuro[62] €EUReuro centlira[63]
leu[64] LMDLbanicupon[65]
Monacoeuro[66] €EUReuro centfranc
Montenegroeuro€EUReuro centdinar[67]
Netherlandseuro[68] €EUReuro centguilder[69]
denar[70] DENMKDdeniold denar[71]
Norwaykrone[72] kr.NOKørespeciedaler[73]
Polandzłoty[74] złPLNgroszold złoty
Portugaleuro[75] €EUReuro centescudo[76]
RomanialeuleiRONbaniold leu[77]
ruble[78] ₽RUBkopeckSoviet ruble
San Marinoeuro[79] €EUReuro centlira
Serbiadinar[80] DINRSDparaYugoslav dinar
Slovakiaeuro[81] €EUReuro centkoruna
Sloveniaeuro€EUReuro centtolar[82]
Spaineuro[83] €EUReuro centpeseta
Swedenkrona[84] kr.SEKöreriksdaler
Switzerlandfranc[85] CHFCHFrappen, also called
centime, centesimo, and rap		none
Turkeylira[86] ₺TRYkuruşold lira
Ukrainehryvnia[87] ₴UAHkopeck (копійка)karbovanets
United Kingdomsterling[88] £GBPpenny (pl. pence)pre-decimal sterling[89]
euro[90] €EUReuro centlira[91]

Currencies of partially recognized states in Europe

List of all unrecognized European currencies!Unrecognized country!De jure country!Present currency!Currency sign!ISO 4217 (or unofficial) code!Fractional unit!Previous currency
apsarRussian ruble (both official)the apsar has no currency sign ₽ABK (unofficial)RUBthe apsar has no fractional unitkopeckSoviet ruble
euro
Serbian dinar (unofficial, only in Serb majority areas)
Albanian lek (unofficial)		€
DIN
L		EUR
RSD
ALL		cent
Para
Qindarkë		Yugoslav dinar
Turkish lira
euro (unofficial)
sterling (unofficial)		₺
€
£		TRY
EUR
GBP		kuruş
cent
penny		Cypriot pound
Russian ruble₽RUBkopeckSoviet ruble
Transnistrian rubleрубPRB (unofficial)kopeckSoviet ruble

See also

External links

Notes and References

  1. News: Euro: the common currency explained . CBC News . 9 December 2011 . 12 October 2013 . Stastna, Kazi.
  2. Web site: Who can join and when? . European Commission . 4 September 2013 . 17 October 2013.
  3. Web site: ERM II . Minestary of Finance . 11 November 2011 . 17 October 2013 . dead . https://web.archive.org/web/20131017225006/http://uk.fm.dk/portfolio/international-cooperation/eu-economic-and-political-coordination/erm2/ . 17 October 2013 .
  4. Web site: Sweden and the euro . European Commission . 8 August 2011 . 17 October 2013.
  5. Web site: Top 8 Most Tradable Currencies . Investopedia . 30 June 2013 . 12 October 2013.
  6. Web site: Currencies: Major World Currencies . Bloomberg . 12 October 2013.
  7. Web site: Currencies in Europe . About.com . 31 October 2013 . Mapes, Terri . 2 November 2013 . https://web.archive.org/web/20131102153008/http://goscandinavia.about.com/od/moneytips/a/Currencies-In-Europe.htm . dead .
  8. Web site: The euro . Europa . 12 October 2013.
  9. Web site: Introduction . European Central Bank . 9 October 2013.
  10. Web site: ALL – Albanian Lek . Xe . 22 July 2013.
  11. Web site: By monetary agreement between France (acting for the EC) and Monaco . 30 May 2010.
  12. Web site: EUR – Euro . Xe . 20 September 2013.
  13. Web site: The euro outside the euro area . European Commission: economic and financial affairs . 5 September 2013 . 19 September 2013.
  14. Web site: Local Currency in Austria . CurrencyName.com . 22 July 2013 . 16 May 2014 . https://web.archive.org/web/20140516210042/http://austrian.currencyname.com/ . dead .
  15. News: Austrian Schilling . BBC . 2001 . 12 October 2013.
  16. Web site: AZN – Azerbaijani New Manat . Xe . 22 July 2013 . 20 January 2013 . https://web.archive.org/web/20130120133252/http://www.xe.com/currency/azn-azerbaijani-new-manat?r=3 . dead .
  17. Web site: Milli valyutamızın tarixi (Azerbaijani) . AZƏRBAYCAN RESPUBLİKASININ MƏRKƏZİ BANKI . 22 July 2013.
  18. Web site: Banknotes and Coins of the National Bank of the Republic of Belarus . National Bank of the Republic of Belarus . 22 July 2013.
  19. Web site: BYR – Belarusian Ruble . Xe . 22 July 2013.
  20. Web site: Belarusian Ruble . Oanda . 20 September 2013.
  21. Web site: Chronological summary of the history of the Belgian franc . National Bank of Belgium . 22 July 2013.
  22. News: Belgian Franc . BBC . 2001 . 12 October 2013.
  23. Web site: BAM – Bosnian Convertible Marka . Xe . 22 July 2013 . 20 April 2014 . https://web.archive.org/web/20140420003233/http://www.xe.com/currency/bam-bosnian-convertible-marka . dead .
  24. Web site: Bosnian Mark . Oanda . 20 September 2013.
  25. Web site: BGN – Bulgarian Lev . Xe . 22 July 2013.
  26. Web site: HRK – Croatian Kuna . Xe . 23 July 2013.
  27. Web site: Papirnati novac hrvatski dinar 1991. – 1994 . Kunalipa . 23 July 2013.
  28. Web site: Cyprus (as of 1 January 2008) . The European Central Bank . 23 July 2013 . https://web.archive.org/web/20071219223703/http://www.ecb.eu/bc/euro/changeover/cyprus/html/index.en.html . 19 December 2007.
  29. Web site: Cyprus Pound . Oanda . 20 September 2013.
  30. Web site: CZK – Czech Koruna . Xe . 23 July 2013.
  31. Web site: Czech Koruna . Oanda . 4 October 2013.
  32. Web site: DKK – Danish Krone . Xe . 23 July 2013.
  33. Web site: Danish Krone . Oanda . 4 October 2013.
  34. Web site: Estonia (since 1 January 2011) . European Central Bank . 23 July 2013.
  35. Web site: Ministers offer Estonia entry to eurozone January 1 . France24 . 8 June 2010 . 23 July 2013.
  36. Web site: Money and currency in Estonia . Visit Estonia . 23 July 2013 . 10 July 2014 . https://web.archive.org/web/20140710040528/http://www.visitestonia.com/en/about-estonia/traveller-information/currency-money . dead .
  37. Web site: Estonian Kroon . Oanda . 4 October 2013.
  38. Web site: Finland and the euro . European Commission . 23 July 2013.
  39. News: Finnish Markka . BBC . 2001 . 23 July 2013.
  40. Web site: France and the euro . European Commission . 23 July 2013.
  41. News: French Franc . BBC . 2001 . 23 July 2013.
  42. Web site: Banknotes . National Bank of Georgia . 23 July 2013.
  43. Web site: Georgian Lari . Financial Dictionary . 23 July 2013.
  44. Web site: DM coins . Bundesbank . 23 July 2013 . dead . https://web.archive.org/web/20130501114604/http://www.bundesbank.de/Redaktion/EN/Standardartikel/Core_business_areas/Cash_management/dm_coins.html . 1 May 2013 .
  45. Web site: Greece and the euro . European Commission . 23 July 2013.
  46. Web site: drachma . Encyclopædia Britannica . 23 July 2013.
  47. Web site: Hungarian Forint . 28 April 2011 . Famous Wonders . 23 July 2013.
  48. Web site: 1925. évi XXXV. törvénycikk (Hungarian) . 1000ev.hu . 23 July 2013.
  49. Web site: Iceland Krona . Oanda . 23 July 2013.
  50. Web site: Ireland and the euro . European Commission . 23 July 2013.
  51. Web site: The Irish Pound: From Origins to EMU . Irish Central Bank . Spring 2003 . 23 July 2013 . Kelly, John . 27 March 2014 . https://web.archive.org/web/20140327173416/http://www.centralbank.ie/paycurr/notescoin/history/documents/spring8.pdf . dead .
  52. Web site: Italy and the euro . European Commission . 23 July 2013.
  53. Web site: 1156845 . The Phillips Curve and the Italian Lira, 1861–1998 . 16 June 2009 . Social Science Research Network . Del Boca . Alessandra . Fratianni . Michele U. . Spinelli . Franco . Trecroci . Carmine .
  54. Web site: Introduction . Latvijas Banka . 23 July 2013 . 22 May 2013 . https://web.archive.org/web/20130522020810/http://www.bank.lv/en/publications/introduction/3134 . dead .
  55. Web site: Europe > Liechtenstein > Currency . Nation Master . 25 July 2013.
  56. Web site: Liechtenstein Exchange Rate . Greenwichmeantime . 25 July 2013.
  57. Web site: Liechtenstein Krone Y# 2 . Numismatic Guaranty Corporation . 25 July 2013.
  58. Web site: Lithuanian Litas . 22 May 2011 . Famous Wonders . 5 September 2013.
  59. Web site: EUR– euro . Xe . 5 September 2013.
  60. Web site: Luxembourg and the euro . European Commission . 27 July 2013.
  61. News: Luxembourg Franc . BBC . 2001 . 27 July 2013.
  62. Web site: Malta's euro coins . Central Bank of Malta . 18 September 2013 . 2 November 2013 . https://web.archive.org/web/20131102064807/http://www.centralbankmalta.org/site/currency1i.html . dead .
  63. Web site: The Coinage of Malta . Central Bank of Malta . 18 September 2013 . dead . https://web.archive.org/web/20131029202556/http://www.centralbankmalta.org/site/currency1f.html . 29 October 2013 .
  64. Web site: Moldovan Leu . Oanda . 18 September 2013.
  65. Web site: Moldovan Cupon . The Free Dictionary . 18 September 2013.
  66. Web site: Introduction . European Central Bank . 18 September 2013.
  67. News: Montenegro's euro challenge . BBC . 3 January 2002 . 18 September 2013 . Anderson, Paul.
  68. Web site: Netherlands . Eurozone . 18 September 2013 . 11 August 2014 . https://web.archive.org/web/20140811152054/http://eurozone.europa.eu/euro-area/euro-area-member-states/netherlands/ . dead .
  69. News: Netherlands Gilder . BBC . 2001 . 18 September 2013.
  70. Web site: Ќе се слават 20 години од македонскиот денар (Macedonian) . HobaMakeДohhja . 20 February 2011 . 5 September 2013 . dead . https://web.archive.org/web/20141006135748/http://www.novamakedonija.com.mk/DetalNewsInstant.asp?vestInstant=3400 . 6 October 2014 .
  71. Web site: Macedonian Denar . Oanda . 5 October 2013.
  72. Web site: NOK – Norwegian Krone . Xe . 18 September 2013.
  73. Web site: Norwegian Kroner . Oanda . 3 November 2013.
  74. Web site: Convert United States Dollar to Polish Zloty . 18 September 2013.
  75. Web site: Portugal and the Euro . EU Business . 18 September 2013.
  76. News: Portuguese Escudo . BBC . 2001 . 18 September 2013.
  77. Web site: Romanian New Leu . Oanda . 18 September 2013.
  78. Web site: Russian Rouble . Oanda . 18 September 2013.
  79. Web site: Serenissima Repubblica di San Marino . The Euro Information Website . 18 September 2013.
  80. Web site: Serbian Dinar . Oanda . 18 September 2013.
  81. Web site: Slovak Koruna . Oanda . 18 September 2013.
  82. Web site: Slovenian Tolar . Oanda . 18 September 2013.
  83. Web site: Spanish peseta . Oanda . 18 September 2013.
  84. Web site: Swedish Krona . Oanda . 18 September 2013.
  85. Web site: Swiss Franc . Oanda . 19 September 2013.
  86. Web site: Turkish Lira . Oanda . 19 September 2013.
  87. Web site: Ukraine Hryvnia . Oanda . 19 September 2013.
  88. Web site: Celebrating 40 Years of Decimalisation The Story of Decimal Coinage . Royal Mint . 19 September 2013.
  89. Web site: A history of sterling . The Telegraph . 8 October 2001 . 23 October 2013 . Dawnay, Kit.
  90. Web site: Vatican City . European Central Bank . 25 July 2013.
  91. Web site: The New Philatelic and Numismatic Museum – Official celebrative Envelope . Vatican City State . 25 July 2013.

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