From a micro perspective, the use of the single currency outside the euro area is most prominent in its neighboring countries, where strong cultural and political ties exist.
Today’s afternoon session will provide some insight into the use of the euro in the CESEE region, featuring the presentation of the main findings of the Euro Survey carried out by the OeNB.7 They show that the dissemination of euro cash holdings is strong in some (potential) candidate countries (the Former Yugoslav Republic of Macedonia, Serbia, Albania and Croatia).