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When it joined the European Union in 2007, Bulgaria committed to switching its currency, the lev, to the euro, as stated in the 2005 EU accession treaty.The transition will occur once the country meets all the euro convergence criteria; at the moment, Bulgaria does not fulfill only one single criterion - price stability (ie inflation).
With the replacement of the Deutsche Mark by the euro, the lev's peg effectively switched to the euro at the rate of 1.95583 leva = 1 euro (precisely equivalent to the German mark's fixed exchange rate to euro). This rate is unlikely to change before the lev's eventual retirement.
Pages in category "Currencies replaced by the euro" The following 23 pages are in this category, out of 23 total. This list may not reflect recent changes. A.
The euro was founded on 1 January 1999, when it became the currency of over 300 million people in Europe. [9] For the first three years of its existence it was an invisible currency, only used in accountancy. Euro cash was not introduced until 1 January 2002, when it replaced the national banknotes and coins of the 12 initial eurozone countries ...
Euro, the currency used by the most of countries and territories, the second-largest reserve currency and the second-most traded currency. Some currencies, such as the Abkhazian apsar , are not used in day-to-day commerce, but are legal tender in their issuing jurisdiction.
Austrian euro coins have a unique design for each denomination, with a common theme for each of the three series of coins. The minor coins feature Austrian flowers , the middle coins examples of architecture from Austria 's capital, Vienna , and the two major coins famous Austrians.
The euro convergence criteria (also known as the Maastricht criteria) are the criteria European Union member states are required to meet to enter the third stage of the Economic and Monetary Union (EMU) and adopt the euro as their currency.
Sweden does not currently use the euro as its currency and has no plans to replace the existing Swedish krona in the near future. Sweden's Treaty of Accession of 1994 made it subject to the Treaty of Maastricht, which obliges states to join the eurozone once they meet the necessary conditions.
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