Countries Using the Euro and Prior National Currencies
By USA In USA Trade Alerts On 1st December 2023
U.S. Customs and Border Protection released the following Cargo Systems Messaging Service CSMS# 58565185, dated November 30, 2023, ** Clarification - Countries Using the Euro: Invoices, Other Documents, and Entry Transmissions from These Countries Must Use EUR for a Foreign Value or as the Currency Code.
What is the euro area? (europa.eu) The euro outside the euro area (europa.eu) The European Union members use the Euro as their domestic and international trade currency. In addition, the European Union (EU) approved use of the Euro to non-members and in unique use agreements. The Euro currency code is EUR. Clarification: Importers entering goods from the euro area may continue to use other currencies besides the euro. However, shipments from the euro area may not use a prior national currency (franc, German mark, lira, etc.) instead of the euro on their entry paperwork. The importer/filer is responsible for making sure the correct currency is listed on the invoice for the purpose of conversion to US dollars, so that the appropriate duties, taxes, and fees are paid. As a reminder, invoices must be prepared in accordance with 19 CFR 141 Subpart F (Invoices). Please watch for new countries for which the EU approves use of the EURO. Here is a recent list of these countries:
|
Lithuania | Euro |
Luxembourg | Euro |
Malta | Euro |
Martinique | Euro |
Mayotte | Euro |
Monaco | Euro |
Montenegro | Euro |
Netherlands (The) | Euro |
Portugal | Euro |
Reunion | Euro |
Saint Barthelemy | Euro |
Saint Martin (French Part) | Euro |
Saint Pierre and Miquelon | Euro |
San Marino | Euro |
Slovakia | Euro |
Slovenia | Euro |
Spain | Euro |