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Sunday, December 4, 2022

Eurozone

Area in which the euro is the official currency


Eurozone
Eurozone

The eurozone (EZ), officially called the euro area, is a group of 19 member states of the European Union (EU) that have fully implemented the Economic and Monetary Union of the European Union and have thus adopted the euro (€) as their primary currency and sole legal tender. The monetary authority of the eurozone is the Eurosystem. Eight members of the European Union continue to use their own national currencies, although most of them have agreed to adopt the euro in the future.

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