The Euro

The euro is the single currency shared by 13 of the EU’s 27 member states (see margin note, page 2). Euro notes and coins were introduced on 1 January 2002.

The UK is not currently part of the European single currency. But as the eurozone accounts for over half of the UK’s foreign trade, it has implications for a large number of UK businesses.

This briefing explains:

• Which businesses are affected.
• How companies trading with the eurozone are affected.
• What you can do to adapt to the single currency.
• What would happen if the UK joined.