Andorra and the euro facto" used the EU's euro (the currency of the Eurozone states) as it had historically used the French franc and Spanish peseta. When those two currencies were replaced by the euro in 2002, the euro replaced the franc and peseta as the sole circulating currency in Andorra. Unlike the three other European microstates outside of the EU, Monaco, San Marino and the Vatican City, which adopted the euro when it was introduced, Andorra did not conclude a monetary agreement with the EU but rather used it unilaterally. These agreements gave the three microstates the right to issue their own euro
Euro Currency Index Euro Currency Index, since the competitiveness of European goods in comparison to other countries and trading partners is included in it. On September 13, 2005 Dow Jones & Company published two versions of the index, the Dow Jones Euro Currency Index (DJEURO) and the Dow Jones Euro Currency 5 Index (DJEURO5). Under-lyings of each were 100 points on 31 December 1998. The calculation of the Dow Jones Euro Currency 5 Index was set on 29 August 2008 (last value 121.97 points) and the calculation of the Dow Jones Euro Currency Index on 9 January 2009 (last value 119.41 points). The