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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]
The céntimo (in Spanish-speaking countries) or cêntimo (in Portuguese-speaking countries) was a currency unit of Spain, Portugal and their former colonies. The word derived from the Latin centimus [1] meaning "hundredth part". The main Spanish currency, before the euro, was the peseta which was divided into 100
The official currency of Spain since 2002 is the Euro. The basic and most prevalent unit of Spanish currency before the Euro was the Peseta . The first Peseta coins were minted in 1869, and the last were minted in 2011.
[62] [63] Greece was most acutely affected, but fellow Eurozone members Cyprus, Ireland, Italy, Portugal, and Spain were also significantly affected. [64] [65] All these countries used EU funds except Italy, which is a major donor to the EFSF. [66]
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.
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Dinero – Spain; Dinheiro – Portugal; Dirham (درهم)
In 2010, acronyms like PIIGS were widely used by international bond analysts, academics, and the international financial press when referring to the underperforming economies of Portugal, Italy, Ireland, Greece and Spain. [65] The number of civil servants had increased from 509,732 to 727,701 between 1991 and 2011. [66]
Portugal, [e] officially the Portuguese Republic, [f] is a country in the Iberian Peninsula in Southwestern Europe.Featuring the westernmost point in continental Europe, Portugal borders Spain to its north and east, with which it shares the longest uninterrupted border in the European Union; to the south and the west is the North Atlantic Ocean; and to the west and southwest lie the ...