Who Uses the Euro Currency? A Comprehensive Guide

The euro currency is used by millions of people across Europe and beyond. This guide provides a detailed overview of which countries and territories use the euro, including some surprising places you might not expect.

Eurozone Countries: The Core Users

The euro is the official currency of 19 of the 27 member states of the European Union. These countries, collectively known as the Eurozone, are: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Beyond the Eurozone: Territories and Agreements

The reach of the euro extends beyond the official Eurozone member states. Several EU territories also use the euro, including:

• The Azores (Portugal)
• The Canary Islands (Spain)
• Ceuta and Melilla (Spain)
• French Guiana (France)
• Guadeloupe (France)
• Madeira (Portugal)
• Martinique (France)
• Mayotte (France)
• Réunion (France)
• Saint Barthélemy (France)
• Saint Pierre and Miquelon (France)

Furthermore, four European microstates have formal agreements with the EU to use the euro as their official currency:

• Andorra
• Monaco
• San Marino
• Vatican City

De Facto Euro Users: Unofficial Adoption

Several countries and territories outside of the EU and formal agreements use the euro as their de facto currency. This means they use the euro in everyday transactions even though it isn’t their official currency. Kosovo and Montenegro are prominent examples of this practice.

Using the Euro: Cash and Cards

Travelers within the Eurozone enjoy the convenience of using the same currency across borders. Whether you’re paying with euro banknotes and coins or using a debit/credit card, transactions are generally seamless within the euro area.

For card payments within the EU, you should be charged the same fees as you would for a domestic transaction in euros. This regulation ensures fair and transparent pricing for consumers using electronic payment methods. This also applies to euro transactions between euro accounts in countries outside the euro area.

Conclusion: The Wide Reach of the Euro

The euro currency plays a significant role in the global economy, serving as the official currency for millions and facilitating trade and travel across Europe. From the core Eurozone members to overseas territories and countries with special agreements, the euro’s influence is widespread. Understanding where the euro is used provides valuable insights for travelers, businesses, and anyone interested in international finance.