Euro (replacement name for the ECU) now used in Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy , Luxembourg, Netherlands, Portugal, Spain. Also Andorra , Monaco, Holy See, San Marino and various French dependencies such as French Guiana, French Southern and Antarctic Territories, Guadeloupe, Martinique, Mayotte, Metropolitan France, Réunion and St Pierre and Miquelon.

Similar financial terms

An international bond sold primarily in countries other than the country in whose currency the issue is denominated

European Central Bank (ECB)
The Central Bank for the new European Monetary Union.

Eurodollar demand deposit
Eurodollar demand deposit accounts are not often used or available, as the balances of such accounts would be volatile and the transaction costs incurred in such a service would reduce the overall efficiency and competitiveness of the eurodollar market. It is the latter factor that stimulates interest-rate-conscious corporate treasures and investment agencies to make eurodollar time deposits with banks in offshore centres.

European Union (EU)
The European Union (EU) is a union of twenty-five independent states based on the European Communities and founded to enhance political, economic and social co-operation. The union was formerly known as the European Community (EC) and European Economic Community (EEC).

The common currency in the EU is the euro (EUR. Still, some countries have chosen to stay outside the European Monetary Union.

At the moment, the 25 member states are:
Digg the financial term Digg it!
Share financial term on facebook! Share on Facebook
Add to Yahoo My Web Add to Yahoo!
Add to Google bookmarks! Add to Google
Add financial term to Add to
Add financial term to Reddit! Add to Reddit
Add financial term on Spurl Add to Spurl
Add financial term to Furl Add to Furl
E-mail term to a friend! E-mail term to friend!
Printer friendly version Printer friendly version

Did you know?

Country risk

General level of political and economic uncertainty in a country affecting the value of loans or investments in that country.

Popular terms

About us  About
Contact us  Contact us
Bookmark us