There are 26 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 27 countries); any country entering the European Union (EU) is expected to join the eurozone when they meet the five convergence criteria. Denmark is the only EU member state which has been granted an exemption from using the euro. 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. For countries which hope to join the eurozone, there are five guidelines that need to be followed, grouped in the Maastricht criteria.

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". 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. Several countries use currencies which translate as "crown": the Czech koruna, the Norwegian krone, the Danish krone, the Icelandic króna, and the Swedish krona.

At present, the euro is legal tender in 21 out of 27 European Union member states, in addition to 6 countries not part of the EU (Monaco, San Marino, Vatican City, Andorra, Kosovo and Montenegro).

Currencies in Europe In Europe, the euro is used in 27 countries (including Kosovo), while the Swiss franc is used in two countries. All 23 other widely recognized states each have their own national currency. Among the states with limited recognition, Transnistria uses the Transnistrian ruble and Abkhazia uses the Abkhazian apsar. Northern Cyprus does not have its own currency and has adopted the Turkish lira. Similarly, South Ossetia uses the Russian ruble.

Therefore, 26 currencies are used in Europe:

Albanian lek Armenian dram Azerbaijani manat Belarusian ruble Bosnia and Herzegovina convertible mark Czech koruna Danish krone Euro Georgian lari Hungarian forint Icelandic króna Kazakhstani tenge Macedonian denar Moldovan leu Norwegian krone Polish złoty Pound sterling Romanian leu Russian ruble Serbian dinar Swedish krona Swiss franc Turkish lira Ukrainian hryvnia Abkhazian apsar (unrecognized) Transnistrian ruble (unrecognized)

Currencies of states in Europe Currencies of widely recognized states in Europe

+ List of all European currencies Country Present currency Currency sign ISO 4217 code Fractional unit Previous currency lek L ALL qindarke none euro € EUR euro cent none official dram ֏ AMD luma ruble euro € EUR euro cent schilling manat ₼ AZN gapik ruble ruble Rbl BYN kopeck old ruble euro € EUR euro cent franc mark KM BAM fening dinar euro € EUR euro cent lev euro € EUR euro cent kuna euro € EUR euro cent pound koruna Kč CZK heller Czechoslovak koruna krone kr. DKK øre rigsdaler euro € EUR euro cent kroon euro € EUR euro cent markka euro € EUR euro cent franc lari ₾ GEL tetri kuponi euro € EUR euro cent mark euro € EUR euro cent drachma forint Ft. HUF fillér pengő króna kr. ISK aurar old króna euro € EUR euro cent punt euro € EUR euro cent lira euro € EUR euro cent lats franc CHF CHF rappen, also called centime, centesimo, and rap krone euro € EUR euro cent litas euro € EUR euro cent franc euro € EUR euro cent lira leu L MDL bani cupon euro € EUR euro cent franc euro € EUR euro cent dinar euro € EUR euro cent guilder denar DEN MKD deni old denar krone kr. NOK øre speciedaler złoty zł PLN grosz old złoty euro € EUR euro centescudo leu] lei RON bani old leu ruble ₽ RUB kopeck Soviet ruble euro € EUR euro cent lira dinar DIN RSD para Yugoslav dinar euro € EUR euro cent koruna euro € EUR euro cent tolar euro € EUR euro cent peseta krona kr. SEK öre riksdaler franc CHF CHF rappen, also called centime, centesimo, and rap none lira ₺ TRY kuruş old lira hryvnia ₴ UAH kopeck (копійка) karbovanets sterling £ GBP penny (pl. pence) pre-decimal sterling euro € EUR euro cent lira

Currencies of partially recognized states in Europe

+List of all unrecognized European currenciesUnrecognized countryDe jure countryPresent currencyCurrency signISO 4217 (or unofficial) codeFractional unitPrevious currencyapsar Russian ruble (both official)the apsar has no currency sign ₽ABK (unofficial) RUBthe apsar has no fractional unit kopeckSoviet rubleeuro Serbian dinar (unofficial, only in Serb majority areas) Albanian lek (unofficial)€ DIN LEUR RSD ALLcent Para QindarkëYugoslav dinarTurkish lira euro (unofficial) sterling (unofficial)₺ € £TRY EUR GBPkuruş cent pennyCypriot poundRussian ruble₽RUBkopeckSoviet rubleTransnistrian rubleрубPRB (unofficial)kopeckSoviet ruble

See also

Central banks and currencies of Europe Currencies of the European Union List of currencies List of circulating currencies Capital Markets Union Banking Union

References

External links International Organization for Standardization (ISO)