Saturday, May 21, 2011

What is the difference between a participating and nonparticipating currency

A participating currency is the currency of a country participating in the European Economic and Monetary Union [EMU]. Those countries currently include Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia and Spain.
A nonparticipating currency is the currency of a country not participating in the EMU

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