this post was submitted on 20 Mar 2025
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I'm in. I'll miss the Loonie, but Europe's looking pretty good these days.
Using the euro is optional! Many countries kept their own currency.
Are there any non-founding-member countries that kept their own currency?
I believe it's mandatory for all new members.
Yes, it is. You can delay it indefinitely, though, and Romania is still on the leu. Other members have blocked them from making the switch, even.
We can still call the coins loonies and toonies, why not?
Pretty sure you get to choose the illustrations on Euros issued in your country so you can continue the theme. Then as it gets mixed in with currency elsewhere the terminology might catch on in continental Europe
Same. I wouldn't mind switching to the Euro, but our coins are really cool and nostalgic for me. It would be nice if there were a way to keep them.
I mean, you get to put whatever on the reverse of the coins.
Well that's cool, then. I don't know anything about EU process or regulations.
The denominations are fixed: 0.01, 0.02, 0.05, 0.10, 0.20, 0.50, 1 and 2 for coins, 5, 10, 20, 50, 100, 200 and 500 for bills (although I've read the 200 and 500 had ceased production).
Every country can mint coins with bespoke faces, even limites editions, for commemorations and special events. Spain uses the Sagrada Familia for their lower denomination coins and the king's image for higher, Greece reproduced an ancient dracma in their 1€ coin, Italy as used the Vitruvian Man, France has the Republic in their coins, etc. Enough room for each country to express their roots and values.
UK did exactly that. They never swapped their pound with euro. I'm all for it!
They were a founding member and got a special carve-out.
Theoretically, there's nothing stopping any new country from joining getting a carve-out. You just need everyone to agree to it. And tbh, getting them to agree to let Canada continue using the Canadian Dollar is probably a much smaller ask than getting them to let a North American country into the European Union.