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===Currencies pegged to the euro=== {{Main|International status and usage of the euro}} [[File:DOLLAR AND EURO IN THE WORLD.svg|thumb|upright=1.35|Worldwide use of the euro and the US dollar: {{Legend|#092D98|[[Eurozone]]}} {{Legend|#98b3ff|External adopters of the euro}} {{Legend|#510999|Currencies pegged to the euro}} {{Legend|#CC99FF|Currencies pegged to the euro within narrow band}} {{Legend|#099811|United States}} {{Legend|#99FF9E|External adopters of the US dollar}} {{Legend|#999909|Currencies pegged to the US dollar}} {{Legend|#FFFF99|Currencies pegged to the US dollar within narrow band}} <hr/> <small>Note: The [[Belarusian rouble]] is pegged to the euro, [[Russian ruble]] and [[United States dollar|US dollar]] in a [[currency basket]].</small>]] Outside the eurozone, two EU member states have currencies that are [[Fixed exchange rate system|pegged to the euro]], which is a precondition to joining the eurozone. The [[Danish krone]] and [[Bulgarian lev]] are pegged due to their participation in the [[European Exchange Rate Mechanism|ERM II]]. Additionally, a total of 22 countries and territories that do not belong to the EU have currencies that are directly [[Fixed exchange rate system|pegged]] to the euro including 14 countries in mainland Africa ([[CFA franc]]), three African island countries ([[Comorian franc]], [[Cape Verdean escudo]] and [[São Tomé and Príncipe dobra]] (since 1 January 2010)<ref>{{cite web|url=http://www.telanon.info/economia/2010/01/04/2437/1-euro-equivale-a-24500-dobras/|title=1 euro equivale a 24.500 dobras|date=4 January 2009|trans-title=1 euro is equivalent to 24,500 dobras|language=pt|access-date=16 November 2020|publisher=Téla Nón}}</ref>), three French Pacific territories ([[CFP franc]]) and two Balkan countries, Bosnia and Herzegovina ([[Bosnia and Herzegovina convertible mark]]) and North Macedonia ([[Macedonian denar]]).<ref name="Cardoso"/> Additionally, the [[Moroccan dirham]] is tied to a basket of currencies, including the euro and the US dollar, with the euro given the highest weighting. These countries generally had previously implemented a currency peg to one of the major European currencies (e.g. the [[French franc]], [[Deutsche Mark]] or [[Portuguese escudo]]), and when these currencies were replaced by the euro their currencies became pegged to the euro. Pegging a country's currency to a major currency is regarded as a safety measure, especially for currencies of areas with weak economies, as the euro is seen as a stable currency, prevents runaway inflation, and encourages foreign investment due to its stability. In total, {{As of|2013|lc=y}}, 182 million people in Africa use a currency pegged to the euro, 27 million people outside the eurozone in Europe, and another 545,000 people on Pacific islands.<ref name="2013_data_sheet"/> Since 2005, stamps issued by the [[Sovereign Military Order of Malta]] have been denominated in euros, although the Order's official currency remains the [[Maltese scudo]].<ref name=smom>{{cite web| url = https://www.orderofmalta.int/associate-countries/| title = Retrieved 3 October 2017.}}</ref> The Maltese scudo itself is pegged to the euro and is only recognised as legal tender within the Order. The currency of a number of states is [[Fixed exchange rate system|pegged]] to the euro. These states are:{{citation needed|date=January 2025}} {{div col|colwidth=25em}} '''North America''' * {{Flagcountry|Haiti}} ([[Haitian gourde]], {{ISO 4217|HTG}}) '''Europe''' * {{Flagcountry|Albania}} ([[Albanian lek]], {{ISO 4217|ALL}}) * {{Flagcountry|Bosnia and Herzegovina}} ([[Bosnia and Herzegovina convertible mark]], {{ISO 4217|BAM}}) * {{Flagcountry|Bulgaria}} ([[Bulgarian lev]], {{ISO 4217|BGN}}) * {{Flagcountry|Denmark}} ([[Danish krone]], {{ISO 4217|DKK}}) * {{Flagcountry|North Macedonia}} ([[Macedonian denar]], {{ISO 4217|MKD}})<ref name="Cardoso">{{cite web |last=Cardoso |first=Paulo |title=Interview – Governor of the National Bank of Macedonia – Dimitar Bogov |url=http://www.the-american-times.com/american-times-governor-national-bank-macedonia-dimitar-bogov/2013/10/05 |work=The American Times United States Emerging Economies Report (USEER Report) |publisher=Hazlehurst Media SA |access-date=8 September 2013 |archive-url=https://web.archive.org/web/20131020073010/http://www.the-american-times.com/american-times-governor-national-bank-macedonia-dimitar-bogov/2013/10/05 |archive-date=20 October 2013 |url-status=dead }}</ref> * {{Flagcountry|Sovereign Military Order of Malta}} ([[Maltese scudo]])<ref>{{Cite web |title=Numismatica|url=https://www.ordinedimaltaitalia.org/article/numismatica |access-date=2022-04-30 |website=Ordine di Malta Italia}}</ref> * {{Flagcountry|Moldova}} ([[Moldovan leu]], {{ISO 4217|MDL}}) * {{Flagcountry|Romania}} ([[Romanian leu]], {{ISO 4217|RON}}) * {{Flagcountry|Serbia}} ([[Serbian dinar]], {{ISO 4217|RSD}}) '''Oceania''' * {{Flagcountry|French Polynesia}} ([[CFP franc]], {{ISO 4217|XPF}}) * {{Flagcountry|New Caledonia}} (CFP franc) * {{Flagcountry|Wallis and Futuna}} (CFP franc) '''Africa''' * {{Flagcountry|Burundi}} ([[Burundi franc]], {{ISO 4217|BIF}}) * {{Flagcountry|Cape Verde}} ([[Cape Verdean escudo]], {{ISO 4217|CVE}}) * {{Flagcountry|Cameroon}} ([[Central African CFA franc]], {{ISO 4217|XAF}}) * {{Flagcountry|Central African Republic}} (Central African CFA franc) * {{Flagcountry|Chad}} (Central African CFA franc) * {{Flagcountry|Equatorial Guinea}} (Central African CFA franc) * {{Flagcountry|Gabon}} (Central African CFA franc) * {{Flagcountry|Republic of the Congo}} (Central African CFA franc) * {{Flagcountry|Comoros}} ([[Comorian franc]], {{ISO 4217|KMF}}) * {{Flagcountry|Democratic Republic of the Congo}} ([[Congolese franc]], {{ISO 4217|CDF}}) * {{Flagcountry|Djibouti}} ([[Djibouti franc]], {{ISO 4217|DJF}}) * {{Flagcountry|Eritrea}} ([[Eritrean nakfa]], {{ISO 4217|ERN}}) * {{Flagcountry|Ethiopia}} ([[Ethiopian birr]], {{ISO 4217|ETB}}) * {{Flagcountry|Gambia}} ([[Gambian dalasi]], {{ISO 4217|GMD}}) * {{Flagcountry|Guinea}} ([[Guinean franc]], {{ISO 4217|GNF}}) * {{Flagcountry|Madagascar}} ([[Malagasy ariary]], {{ISO 4217|MGA}}) * {{Flagcountry|Mozambique}} ([[Mozambique metical]], {{ISO 4217|MZN}}) * {{Flagcountry|Rwanda}} ([[Rwanda franc]], {{ISO 4217|RWF}}) * {{Flagcountry|Sahrawi Arab Democratic Republic}} ([[Sahrawi peseta]]) * {{Flagcountry|São Tomé and Príncipe}} ([[São Tomé and Príncipe dobra]], {{ISO 4217|STN}}) * {{Flagcountry|Sierra Leone}} ([[Sierra Leonean leone]], {{ISO 4217|SLE}}) * {{Flagcountry|Benin}} ([[West African CFA franc]], {{ISO 4217|XOF}}) * {{Flagcountry|Burkina Faso}} (West African CFA franc) * {{Flagcountry|Côte d'Ivoire}} (West African CFA franc) * {{Flagcountry|Guinea-Bissau}} (West African CFA franc) * {{Flagcountry|Mali}} (West African CFA franc) * {{Flagcountry|Niger}} (West African CFA franc) * {{Flagcountry|Senegal}} (West African CFA franc) * {{Flagcountry|Togo}} (West African CFA franc) {{div col end}}
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