It belongs to the 19 countries of the European Union.
The 19 members of the eurozone are Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Spain, Portugal, Austria, Finland, Lithuania, Latvia, Estonia, Slovakia, Slovenia, Greece, Malta and Cyprus.
On January 1, 1999, the European Union countries implementing the euro implemented the Single Currency Act.
The euro became legal tender in the euro area in July 2002.
The euro is governed by the European Central Bank (ECB) and the European System of Central Banks, which consists of the central banks of the Eurozone countries.
In addition, the euro is also the currency of six non-EU countries (regions), namely Monaco, the Vatican City of SAN Marino, Andorra, Montenegro and Kosovo. The first four pocket countries use the euro under an agreement with the EU, and the last two countries (regions) use it unilaterally.
