Andorra is a small country located in the South West of France and the North East of Spain, on the border of Spain and France. The official name of Andorra is the Principality of Andorra. The total area of the Principality of Andorra is 467 square kilometers. Andorra’s population is approximately 90 thousand people. Among the tax haven countries, Andorra is a rich country. You can find detailed information about Andorra currency 2021 Andorran economy in our article.
Andorra Currency 2021 Andorra Economy
The rest of the news includes answers to the following questions: What is Andorra Currency? Is Andorra Using The Euro? When Did Andorra Switch To The Euro? What is Andorran Peseta? About Andorran Peseta! What is Andorran Franc? About Andorran Franc! What is the Minimum Wage in Andorra? How Much is Per Capita Income in Andorra? You can browse here for economy news.
What is Andorra Currency? Is Andorra Using The Euro? When Did Andorra Switch To The Euro?
Today, Andorra uses the Euro as its currency. However, before the Euro, Andorra had two different national currencies. One of them was the Andorran peseta and the other was the Andorran Franc. After many European countries passed to the Euro, Andorra signed a special agreement with the European Union and started using the Euro and converted the official currency to Euro. Andorra’s transition to the Euro was completed in 2014.
What is Andorran Peseta? About Andorran Peseta!
Spain, the south-western neighbor of Andorra, used Peseta as the currency before the euro. Andorra also used a unique peseta and the name of this currency was Andorran Peseta. Andorra Peseta was deemed equivalent to Spanish Peseta by special agreement. The code for Andorran Peseta used internationally was ADP and the Andorran Peseta number was 20. When Andorra started using the Euro as its official currency, it was withdrawn from circulation.
What is Andorran Franc? About Andorran Franc!
The currency of France, which is the northeastern neighbor of Andorra, was Frank before the euro. Andorra also used a unique Frank. The name of this currency was Andorran Franc. Along with the Andorran Peseta, it was one of Andorra’s two national currencies. When Andorra started using the Euro as its official currency, it was withdrawn from circulation. Along with the Andorran Peseta, it was one of Andorra’s two national currencies. Before it was withdrawn from circulation, Andorran Franc was considered to be equivalent to French Franc. The Andorran Franc code used internationally was ADF.
What is the Minimum Wage in Andorra? How Much is Per Capita Income in Andorra?
In Andorra, the minimum wage is applied as 2300 Euros net. In Andorra, which is an extremely rich country, per capita income is around 40 thousand Euros. There is no unemployment in Andorra and the employment rate is around 100 percent.
You can browse here for detailed information of Andorra: https://en.wikipedia.org/wiki/Andorra
