GK
CURRENCIES OF THE WORLD
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yemeni rial
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Vietnamese dong
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United States dollar
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European euro
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Detailed explanation-1: -The euro is the official currency of the Vatican City, although Vatican City is not a member of the Eurozone or the European Union.
Detailed explanation-2: -The Vatican coins were minted in Rome and were also legal tender in Italy and San Marino. In 2002, the Vatican City switched to the euro at an exchange rate of 1 euro = 1, 936.27 Lire.
Detailed explanation-3: -The Vatican and Italy signed an agreement in 2000, enabling the Holy See to adopt the euro as its official currency and to mint its own euro coins from 2002 – so Vatican euros are circulated freely throughout the entire eurozone.
Detailed explanation-4: -On January 1, 1999, Italy replaced their Italian lira with the euro, with the official case date being 2002. In 2000, Italy and the Vatican City both signed a contract which allowed the Vatican to adopt the euro as its official currency as well, despite the Vatican not being a member of the European Union or Eurozone.