Currency union

monetary unionsingle currencycommon currencycurrencyCurrency unionsList of monetary unionsmonetarymonetary unionsmultinational currenciesunited currency
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency.wikipedia
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Economic and monetary union

common currencyEMUeconomic union
These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). Note: Every customs and monetary union and economic and monetary union also has a currency union.
An economic and monetary union (EMU) is a type of trade bloc featuring some combination of a common market, customs union and a monetary union.

Optimum currency area

optimum currency areasA Theory of Optimum Currency Areasoptimal currency area
The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency.
The theory is used often to argue whether or not a certain region is ready to become a currency union, one of the final stages in economic integration.

Scandinavian Monetary Union

Monetary unionScandinavian
The Scandinavian Monetary Union, comprising Sweden, Denmark and Norway, existed between 1873 and 1905, and used a currency based on gold.
The Scandinavian Monetary Union was a monetary union formed by Denmark and the Swedish part of the Union between Sweden and Norway on 5 May 1873, by fixing their currencies against gold at par to each other.

Latin Monetary Union

common standardfrancsLatin Monetary League
The Latin Monetary Union, comprising France, Belgium, Italy, Switzerland and Greece, existed between 1865 and 1927, with coinage made of gold and silver.
The Latin Monetary Union (LMU) was a 19th-century system that unified several European currencies into a single currency that could be used in all the member states, at a time when most national currencies were still made out of gold and silver.

Customs and monetary union

List of customs and monetary unions
Note: Every customs and monetary union and economic and monetary union also has a currency union.
A customs and monetary union is a type of trade bloc which is composed of a customs union and a currency union.

Eurozone

euro areaeuro zoneeuro-zone
Currently, the so called Eurozone has 19 member states.
The eurozone, officially called the euro area, is a monetary union of 19 of the 28 European Union (EU) member states which have adopted the euro as their common currency and sole legal tender.

Customs union

customsCUcustom union
These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market). Additionally the autonomous and dependent territories, such as some of the EU member state special territories, are sometimes treated as separate customs territory from their mainland state or have varying arrangements of formal or de facto customs union, common market and currency union (or combinations thereof) with the mainland and in regards to third countries through the trade pacts signed by the mainland state.
Additionally, the autonomous and dependent territories such as some of the EU member state special territories are sometimes treated as separate customs territories from their mainland states or have varying arrangements of formal or de facto customs union, common market and currency union (or combinations thereof) with the mainland and in regards to third countries through the trade pacts signed by the mainland state.

Guernsey pound

GuernseyCoins of the Guernsey poundPound
Since 1921, Guernsey has been in currency union with the United Kingdom and the Guernsey pound is not a separate currency but is a local issue of banknotes and coins denominated in pound sterling, in a similar way to the banknotes issued in Scotland, England and Northern Ireland (see Banknotes of the pound sterling).

Jersey pound

coins of the Jersey poundJerseypound
Jersey is in currency union with the United Kingdom, and the Jersey pound is not a separate currency but is an issue of banknotes and coins by the States of Jersey denominated in pound sterling, in a similar way to the banknotes issued in Scotland and Northern Ireland (see Banknotes of the pound sterling).

Manx pound

Isle of Man poundIsle of ManManx
The Isle of Man is in a one-sided de facto currency union with the United Kingdom: the Manx government has decided to make UK currency legal tender on the island, and to back its own notes and coins with Bank of England notes.

Fixed exchange rate system

fixed exchange ratepeggedfixed
Various forms of monetary co-operations exist, which range from fixed parity systems to monetary unions.

Economic integration

economicintegrationeconomic interdependence
These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).

Montenegro

MontenegrinMNEMontenegrins
Montenegro formed its own economic policy and adopted the German Deutsche Mark as its currency and subsequently adopted the euro, although not part of the Eurozone currency union.

Trade agreement

trade pacttrade agreementsBilateral Trade Agreement
Additionally the autonomous and dependent territories, such as some of the EU member state special territories, are sometimes treated as separate customs territory from their mainland state or have varying arrangements of formal or de facto customs union, common market and currency union (or combinations thereof) with the mainland and in regards to third countries through the trade pacts signed by the mainland state.

Liechtenstein

Principality of LiechtensteinLIEFürstentum Liechtenstein
It also has a customs union and a monetary union with Switzerland.

Special member state territories and the European Union

Overseas Countries and Territoriesoutermost regionoutermost regions
Additionally the autonomous and dependent territories, such as some of the EU member state special territories, are sometimes treated as separate customs territory from their mainland state or have varying arrangements of formal or de facto customs union, common market and currency union (or combinations thereof) with the mainland and in regards to third countries through the trade pacts signed by the mainland state.

Euro

EUReuros
In 2002, Euro, a single European currency, was adopted by 12 member states.
A monetary union means countries lose the main mechanism of recovery of their international competitiveness by weakening (depreciating) their currency.

Common Monetary Area

in forceCMAMultilateral Monetary Area
The Common Monetary Area (CMA) links South Africa, Namibia, Lesotho and Eswatini into a monetary union.

CARICOM Single Market and Economy

Caricom Certificate of SkillsCSMECaribbean (CARICOM) Single Market and Economy
As it stands a number of the CSME members are already in a currency union with the Eastern Caribbean dollar and the strength of most regional currencies (with the exception of Jamaica's and Guyana's) should make any future exchange-rate harmonization between CSME members fairly straightforward as a step towards a monetary union.

Eco (currency)

Eco
The Eco is the proposed name for the common currency that the West African Monetary Zone (WAMZ) plans to introduce in the framework of Economic Community of West African States (ECOWAS).

Khaleeji (currency)

Khaleeji
The Khaleeji was a proposed name for the common currency of the member states of the Gulf Cooperation Council for the Arab States (GCC).

Switzerland

SwissSwiss ConfederationSWI
A system of single weights and measures was introduced and in 1850 the Swiss franc became the Swiss single currency.