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What is the Finnish currency?

Finland and Exchanging Currency The euro is denominated as (or EUR). Notes are valued in 5, 10, 20, 50, 100, 200, and 500 euro, while coins are valued at 5, 10, and 20, 50 cents, and 1 and 2 euro. The 1 and 2 cent coins used by other eurozone countries were not adopted in Finland.

What was Finland's currency before the euro?

The markka was replaced by the euro (), which had been introduced, in cash form, on 1 January 2002, after a transitional period of three years when the euro was the official currency but only existed as “book money”.

When did Finland start using the euro?

Finland joined the European Union in 1995 and was one of the first countries to adopt the euro on 1 January 1999.

Why does Finland use the euro?

Finland and the Euro While all other Scandinavian countries resisted joining the so-called eurozone, Finland embraced the idea of converting to the euro to stabilize its floundering monetary system and economy. The country has incurred substantial debt in the 1980s, which came due in the 1990s.

Does Finland use the euro?

The euro is the sole currency of 19 EU member states: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

What is the official currency of Finland?

Finland The Finnish Markka was replaced in 2002 with the euro, making Finland the only Nordic country to join the European single currency. The Markka is now out of circulation and the Euro is the only form of legal tender in Finland. The Euro is divided into 100 cents and is available in both coins and banknotes.

What currency is Finland 2019?

Banknotes and Coins Issuance of 500 notes was discontinued in January 2019, but they remain legal tender in the euro area. The coins are issued as 5, 10, 20 and 50 cents, and 1 and 2.

What is the money called in Finland?

Finland and Exchanging Currency The euro is denominated as (or EUR). Notes are valued in 5, 10, 20, 50, 100, 200, and 500 euro, while coins are valued at 5, 10, and 20, 50 cents, and 1 and 2 euro. The 1 and 2 cent coins used by other eurozone countries were not adopted in Finland.

Is Finland expensive for tourists?

Finland is the 8th most expensive country in Europe Nowadays, Finns pay more for alcohol, restaurant visits, and hotel stays than other Europeans whereas electricity and communications services are cheaper, KYLE reports.

Do they use euros in Finland?

The Finnish Markka was replaced in 2002 with the euro, making Finland the only Nordic country to join the European single currency. The Markka is now out of circulation and the Euro is the only form of legal tender in Finland. ... Each EU country has its own coins, but they can be used in any of the EU countries.

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