Which European countries don’t use the euro currency and why?

Jun 20, 2020

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

If you’ve traveled to mainland Europe in the past two decades, depending on your destination, you may have used the euro currency. If you are a regular traveler, you may even keep some spare euro currency at home for your next trip. Or, if you’re like me and don’t carry cash around, you may be more likely to have euros in your wallet than dollars.

A total of 19 of the 28 members of the European Union have adopted the euro as their official and sole currency, creating the ‘eurozone’ or ‘euro area’. These countries are:

  • Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain.

In addition to these members of the eurozone, the following non-EU members have also adopted the euro as their official currency:

  • Andorra, Kosovo, Monaco, Montenegro, San Marino and Vatican City

So while that covers a large part of Europe, which countries in the region do not use the euro and what will you have to use instead?


Denmark signed the Maastricht Treaty, which provides special conditions where it does not have to adopt the euro currency despite being a member state of the European Union (the United Kingdom also had signed this agreement, prior to leaving the EU in January 2020).

Denmark uses Danish krone currency (1 DKK = .15 USD).


While not a signatory to the Maastricht Treaty, Sweden has retained its Swedish krona currency following a 2003 referendum in Sweden where the public voted not to adopt the euro. Currently, 1 SEK = .11 USD.

Panoramic aerial view over the blue summer skies above the iconic waterfront of Gamla Stan and Sodermalm in the heart of Stockholm, Sweden's vibrant capital city.
Image by Getty Images.

Bulgaria, Croatia and Romania

These three countries are working through the fulfillment of their various ‘nominal euro convergence criteria’ as specified by the European Union to join the eurozone.  They intend to adopt the euro currency, though this will still be several years away. For Bulgaria, that’s currently estimated to be 2022, for Croatia, 2023 and for Romania, 2024.

Until then, these countries retain their existing currencies:

  • Bulgarian lev (1 BGN = .57 USD)
  • Croatian kuna (1 HRK = .15 USD)
  • Romanian leu (1 ROM = .23 USD)

Czech Republic, Hungary, Poland

While each of these countries should adopt the euro currency as member states of the European Union once they have fulfilled certain economic obligations, all three say they have no immediate plans to do so. The populations of these three countries overwhelmingly do not wish to adopt the euro currency.

So for the time being, these countries retain their existing currencies:

  • Czech koruna (1 CZK = .04 USD)
  • Hungarian forint (1 HUF = .003 USD)
  • Polish zloty (1 PLN = .25 USD)
Tourists enjoy the Christmas lights at the St Steven Basilica in Budapest, Hungary. This traditional Christmas fair attracts abut 700,000 visitors each year. (budapest christmas market_photo via shutterstock)
Photo via Shutterstock.

What about other countries geographically in Europe, but not members of the European Union? As nonmembers, they do not have the right to adopt it as their official currency. Here’s what they do instead.

  • Albania — The official currency is the Albanian lek, though euros are widely accepted. 1 LEK = .009 USD.
  • Belarus — The currency in Belarus is the Belarusian ruble. Some places accept euros or US dollars. 1 BYN = .42 USD.
  • Bosnia and Herzegovina — This country uses its own Bosnian convertible mark currency, though euros are widely accepted. 1 BAM = .58 USD.
  • Iceland — Independent Iceland maintains its own krona currency. Though you’ll receive plenty of krona for your euros or pounds, expect to see some very high price tags in this expensive destination. 1 ISK = .007 USD.
  • Liechtenstein — As one of the smallest countries in the world, it does not have its own currency, instead using the Swiss franc (see below). Euros are not accepted.
  • Moldova — Moldova uses its own leu currency though euros and US dollars are widely accepted. 1 MDL = .58 USD.
  • North Macedonia — Here you will find the local dinar currency. You may be able to use euros but expect the exchange rate to be poor. 1 MKD = .018 USD.
  • Norway — Norway uses the krone, and euros are not accepted. 1 NOK = .10 USD.
  • Russia — Russia uses its own rubles currency and it is technically illegal to use other currencies for payment. 1 RRB = .014 USD.
  • Serbia — The dinar, and you will struggle to use euros here without changing them to dinars first. 1 RSD = .0094 USD.
  • Switzerland — Despite neighboring countries like Germany, Italy, France and Austria using the euro, the only legal currency in Switzerland is the Swiss franc. 1 CHF = 1.05 USD.
  • Ukraine — A bit of a mouthful to pronounce, Ukraine uses the hryvnia and euros are not accepted for payment. 1 UAH = 28 USD.

If you are traveling to these countries and don’t want to remember all these different currencies, consider a travel debit card with no foreign exchange fees.

Featured image by Gettys Images

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points


CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.