A list of countries that use the euro but are not members of the European Union

The euro is the second most traded currency in the world after the US dollar. It is widely used in the global currency markets.

However, the euro is not limited to the countries of the European Union (EU). Some non-EU countries have also adopted it. Knowing about the non-EU countries that use the euro can come in handy when you're travelling in Europe. The list was published by newsbytesapp.com.

Andorra

A small country located in the Pyrenees Mountains between France and Spain, Andorra has a long tradition of using several currencies, including the French franc and the Spanish peseta.

However, in 2011, Andorra entered into a currency agreement with the EU, after which it began using the euro as its official currency, replacing the French franc and the Spanish peseta.

Monaco

Monaco is a small independent city-state located on the Cote d'Azur, surrounded by France and the Mediterranean Sea.

The country used to use the French franc as its official currency before it entered into a currency agreement with the EU that allowed the euro to be used as legal tender. This agreement was part of a broader effort to facilitate trade between Monaco and other European countries.

San Marino

A small republic located in Italy, San Marino has used the Italian lira as its official currency since the 19th century. However, in 2002, the country adopted the euro as its only legal tender after concluding a currency agreement with the EU.

San Marino's decision to adopt the euro was motivated by a desire to promote economic integration with Europe and simplify financial transactions.

Vatican City

Vatican City is a sovereign city-state located within the city of Rome. It is the smallest independent state in the world.

Before the introduction of the euro, the Vatican used the Italian lira as its official currency. The introduction of the euro facilitated trade and financial transactions with other European countries, which is an important source of income for the Vatican.

Montenegro and Kosovo

Montenegro and Kosovo are two countries in the Balkan region.

Montenegro officially and unilaterally adopted the euro in 2002, first as a parallel legal tender alongside the German mark, and then as the sole legal tender since March 2002.

Kosovo officially adopted the euro in January 2002, and the Deutsche Mark remained legal tender until March 2002.