Will Hungary, Slovakia and Austria accept the euro?

General information

The euro is that currency the European Economic and Monetary Union (EMU). This includes 19 members of the European Union as well as states that have joined the EU or Member States of the EU maintain special relationships. In total, the euro is used as a means of payment in 26 countries and administrative regions.

The introduction of the euro as the cash currency of the European Economic and Monetary Union took place on January 1st, 2002 and included the following countries: Belgium, Germany, Finland, France, Greece, Ireland, Italy, Luxembourg, Netherlands, Austria, Portugal and Spain. Andorra, Monaco, San Marino and the Vatican took over the euro at the same time due to the currency union with states of the newly created euro zone.

The euro was introduced in Slovenia, 2008 in Malta and Cyprus, 2009 in the Slovakia, 2011 in Estonia, 2014 in Latvia and introduced in Lithuania in 2015. Denmark, Sweden and the United Kingdom deliberately did not adopt the euro as a currency. Denmark and England exercised their right to opt out not to join the European Monetary Union. Sweden rejected the introduction of the euro in a referendum in 2003.

EU member states with euros
BelgiumItalyPortugal
GermanyLatviaSlovakia
EstoniaLithuaniaSlovenia
FinlandLuxembourgSpain
FranceMaltaCyprus
GreeceNetherlands 
IrelandAustria 
EU member states without the euro (Local currency)
Bulgaria (lev)Poland (zloty)Czech Republic (Czech Koruna)
Denmark (Danish Krone)Romania (Leu)Hungary (Forint)
Croatia (Kuna)Sweden (Swedish krona) 
Non-EU member states or areas with euro
AndorraKosovoMontenegro
Akrotiri and Dekelia (SBA)MadeiraRéunion (DOM)
AzoresMartinique (DOM)San Marino
CeutaMayotte (DOM)Vatican city
French Guiana (DOM)MellilaMontenegro
Guadeloupe (DOM)Monaco 

General

One euro is equivalent to 100 cents. The official abbreviation for the euro (according to ISO 4217) is EUR. There is no official abbreviation for the cent. In official documents, cents are displayed as a decimal point in the euro (e.g. 0.50 euros). The euro symbol "€" is a large but round E with two horizontal lines in the middle, it is supposed to remind of the Greek letter epsilon.

Further information on the banknotes and coins of the euro as well as the security criteria of the euro can also be found at oesterreich.gv.at.

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Last updated: March 25, 2021

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