We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

CHAPTER 4 The euro zone

Foreign Currency: Claims, Judgments and Damages

Page 37 CHAPTER 4 The euro zone The euro zone 1 The importance of the euro 4.1 The economy of the European Union (‘EU’) is larger than that of any individual country in the world, and trade within the EU amounts to approximately half of the United Kingdom’s overall imports and exports. 2 Accordingly, it is desirable in an examination of the way that foreign currencies are treated under English law to pay particular attention to the euro, which has been adopted by all members of the EU apart from the United Kingdom and Denmark. As will be seen, the euro is also, for some countries that are not members of the EU, either their official or de facto currency. 3

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more