The Currency

Currency 

The currency in Europe is the Euro and is used by 19 of the 28 member states of the European Union. The “Eurozone” is a geographic and economic region that consists of all the European Union countries that have fully incorporated the euro as their national currency. It is also referred to as "euroland". It includes the following countries: Austria, Belgium,  Cyprus,  Estonia,  Finland,  France,  Germany, Greece,  Ireland,  Italy,  Latvia,  Lithuania,  Luxembourg,  Malta, the Netherlands, Portugal, Slovakia,  Slovenia,  and Spain.

There are 9 countries that have chosen to keep their own currencies: Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland,  Romania, Sweden, and the United Kingdom. The United Kingdom never converted its pound sterling to euros, preferring to stick with its higher value currency. Then in the summer of 2016 after a national referendum it  left the EU altogether,  leaving only 8 Member states that still use their own currency. One of the reasons they may not be yet using the euro is because before joining the Eurozone, a state must spend two years in the European Exchange Rate Mechanism.
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