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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 26 countries); any country entering the European Union (EU) is expected to join the eurozone [1] when they meet the five convergence criteria. [2]
Alexander the Great on the first Albanian 1 Lek coin. The lek was introduced as the first Albanian currency in February 1926. [2] Before then, Albania was a country without a currency, adhering to a gold standard for the fixation of commercial values. Before the First World War, the Ottoman Turkish piastre was in full circulation
Currency Central bank Pegged with Albania: Albanian lek: Bank of Albania Armenia: Armenian Dram: Central Bank of Armenia Azerbaijan: Azerbaijani Manat: Central Bank of Azerbaijan Belarus: Belarusian rubel: National Bank of the Republic of Belarus Bosnia and Herzegovina: Bosnia and Herzegovina convertible mark: Central Bank of Bosnia and Herzegovina
Guernsey pound – Guernsey (not an independent currency) Haitian pound – Haiti; Irish pound – Ireland; Israeli pound – Israel; Italian pound – Italy; Jersey pound – Jersey (not an independent currency) Lebanese pound – Lebanon; Libyan pound – Libya; Lombardo-Venetian pound – Lombardy–Venetia; Luccan pound – Lucca ...
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Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
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.