Do all countries have their own currency?

Of the 197 independent countries of the world, not all nations have their own currencies. Most countries in the European Union have adopted the Euro as their official currency starting in the year 1999. Similar monetary unions exist in West and Central Africa, the Pacific Region, in the Caribbean and in Central America.

Why does India use euro as a currency?

Euro used as the common currency brought the elimination of exchange rate volatility, easy access to a large and monetarily unified European market and price transparency with it. India joined the elite club of US Dollar, Euro, Sterling Pound and Japanese Yen, becoming the fifth currency in the world to have its own currency symbol.

What currency does Venezuela use?

Venezuelans primarily use the US dollar, Euro, cryptocurrencies while resorting to bartering as a means to obtain goods and services while using less of Venezuelan Bolivar (its official currency). Currently, the Euro (€) is the official currency of 20 out of 27 EU member countries which together constitute the Eurozone.