History of the euro support the euro in 2001. Later in 2000, Denmark held a referendum on whether to abandon their opt-out from the euro. The referendum resulted in a decision to retain the krone, and also set back plans for a referendum in the UK as a result. The procedure used to fix the irrevocable conversion rate of 340.750 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 as a virtual currency, the conversion rate
United Kingdom and the euro territories in Cyprus will have the same currency as the Republic of Cyprus. These are the only places under British control where the euro is legal tender. They do not issue separate euro coins. Following the British vote to withdraw from the EU in June 2016, Ioannis Kasoulidis, Foreign Minister of Cyprus, announced that Cyprus wished to have EU citizen privileges remain for these areas if the UK ceases to be a member. The currency of Gibraltar is the Gibraltar pound, issued by the Government of Gibraltar. Unofficially, most retail outlets in Gibraltar also accept the euro, though some payphones