Showing posts with label bulgaria. Show all posts
Showing posts with label bulgaria. Show all posts

Thursday, July 16, 2020

Bulgaria and Croatia Enter Eurozone "Waiting Room" (ERM II)

This article covers the latest changes to PolGeoNow's map of which countries use the euro.

Map of the Eurozone (euro area), showing which countries use the euro as their currency. Includes members, pre-members (ERM II or ERM-2 waiting area), EU non-members using the euro, and other EU countries (color blind accessible). Updated for July 2020 with the entry of Croatia and Bulgaria into the ERM-II.
The Eurozone, European Union, and other countries using the euro.
Map by Evan Centanni, from blank map by Ssolbergj. License: CC BY-SA

Croatia and Bulgaria preparing to adopt the euro

The southeastern European countries of Bulgaria and Croatia have been approved by the European Union's central bank to take the next step towards joining the Eurozone - the organization of countries that officially use the euro as their shared currency. As new participants in the "European Exchange Rate Mechanism II" (ERM II or ERM-2), Croatia and Bulgaria are on track to adopt the euro after a 2-3 year waiting period - likely on January 1, 2024.