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Planning Retirement Online

The Euro In Europe

Check your currency before your travel Much of Europe does not use the euro

Spring is fast approaching and for many of us, that means planning holidays and trips to the continent for those fabulous breaks away.

According to most research, travel is one of the top three most important things we want to do in our lives once we reach 50 and above; and as always, many of us will be heading to European destinations this year.

What still comes as a surprise to many is that the euro is not the main currency right across Europe. We hear so much about the euro and the EU that it can take people aback when they decide to perhaps go to Prague, a beautiful city in the very heart of Europe, and find that the currency is the Czech koruna, or CZK. Or if they go to Budapest, with its stunning split city, the currency in circulation is the forint, or Ft; or visit the stunning scenery of Switzerland and find they need to pay in Swiss francs.

In fact, while there are 28 countries that are members of the European Union, only 19 have officially adopted the euro, the official currency of the “Eurozone”.

These countries that have adopted the Euro are:
Austria
Belgium
Cyprus
Estonia
Finland
France
Germany
Greece
Ireland
Italy
Latvia
Lithuania
Luxenbourg
Malta
Netherlands
Portugal
Slovakia
Slovenia
Spain.

The euro has also been adopted by Kosovo and Montenegro – this is due to their political status within euro but for most of us, the fact that they accept euros for payment is what we need to know.

Elsewhere, popular countries to visit that don’t use the euro are:

Bosnia and Herzegovina which uses the convertible “mark”
Bulgaria uses the lev
Czech Republic uses the koruna
Croatia uses the kuna
Denmark uses the krone
Georgia uses the lari
Hungary uses the forint
Iceland uses the krona
Liechtenstein uses the Swiss franc
Macedonia uses the denar
Norway uses Krone
Poland uses the zloty
Romania uses the leu
Serbia uses the dinar
Sweden uses the krona
Switzerland uses the Swiss franc
Turkey uses the Turkish lira

Of course, you may well find that in some of these countries who have not officially adopted the euro, that the notes can be exchanged and used in various places.

But of course you need to keep an eye on the exchange rates in these cases and if you have already exchanged into euros, exchanging your money again into a new currency will cost you.

A vital aspect of travel is of course to keep a tight watch on your money, whatever the currency!

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