Monetary union

A monetary union is a group of two or more countries that engage together in adopting:

• A common currency of their own, such as the euro; or
• A common foreign currency, such as the US Dollary; or
• A system of fixed exchange rates against a common foreign currency.

Also known as a currency union.

See also

• euro
• Euro zone
• European Monetary System
• European Economic and Monetary Union
• European Union
• Monetary
• West African Monetary Zone