Euro states; it was not a currency in its own right. They could not be set earlier, because the ECU depended on the closing exchange rate of the non-euro currencies (principally the pound sterling) that day. The procedure used to fix the conversion rate between the Greek drachma and the euro was different, since the euro by then was already two years old. While the conversion rates for the initial eleven currencies were determined only hours before the euro was introduced, the conversion rate for the Greek drachma was fixed several months beforehand. The currency was introduced in non-physical form (traveller's
Romania and the euro the foreign minister of Romania declared on 28 August 2017 that, as they "meet all formal requirements", Romania "could join the currency union even tomorrow". However, he thought Romania "will adopt the euro in five years, in 2022". In March 2018, members of the ruling PSD voted at an extraordinary congress to back a 2024 target date to adopt the euro currency. The Maastricht Treaty originally required that all members of the European Union join the euro once certain economic criteria are met. , Romania meets 4 of the 7 criteria. Romanian euro coins have not yet been designed. Romanian