Before the formation of the European Union, with the exception of a few countries, each state had its own monetary policy and currency, which were regulated by the Central Bank.
Today, most of the European countries included in the euro zone. Thus, as of 2014, 18 of the 28 European countries participating official currency is the euro.
The European Union and the "euro zone" are distinguished by the number of participating countries.
treatment monitoring, the establishment of the interestrates and other aspects of the monetary policy of the euro area are the introduction of the European Central Bank. The company's headquarters is located in Frankfurt city, and in its management involves the largest national banks in Europe. In the European system of central banks include major banks in Spain, Italy, Greece, France, Belgium, the Bundesbank and the Luxembourg Monetary Institute.
In some countries, the national currency, the euro
As mentioned above, in the 18 statesThe European Union has an official circulation of the euro. List of EU member states with their own monetary unit: Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Luxembourg and Malta, the Netherlands, Portugal, Slovakia, Slovenia, Finland, France and Estonia.
Modern European, national monetary unit
List of European EU member states that have not adopted the euro as a payment unit.
Western European countries such as Iceland, Norway and Switzerland are not members of the European Union.
Today, the European countries are:
Bulgaria - Bulgarian lev (BGN). The course is approximately 1: 2, ie 1 euro can be exchanged for 2 leva.
United Kingdom - Pounds (GBP, GBP). in relation to the euro exchange rate floating. For example, 100 euros can be exchanged for about 83-84 British pounds sterling.
Hungary - Hungarian Forint (HUF). The exchange rate is set to foreign currencies, floating.
Denmark - Danish krone (DKK). The euro exchange rate pegged to the crown in the ratio of 7.46038: 1.
Lithuania - (planned introduction of the euro in 2015) - Lithuanian Litas (LTL). The course of the litas to the euro is 3.4528: 1.
Poland - Polish zloty (PLN). The exchange rate of the euro at a ratio of 4,193: 1.
Romania - Romanian leu (RON). leu to euro ratio is 4,497: 1.
Croatia - Croatian Kuna (HRK). Value kuna to euro 7,663: 1.
Czech Republic - Czech koruna (CZK). The ratio of the crown against the euro of 27.45: 1.
Sweden - Swedish krona (SEK). The exchange rate of the euro currency 8.841: 1.