To eliminate the need to continually monitor currency exchange rates, 16 of the countries in the European Union (EU) have adopted a common currency, which is called the

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22-02-2022
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To eliminate the need to continually monitor currency exchange rates, 16 of the countries in the European Union (EU) have adopted a common currency, which is called the

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Parrain Parrain · Answer 1 · 2022-03-01T12:12:14+01:00

The currency that the European Union introduced to monitor currency exchange rate was the Euro.

What is the Euro?

The Euro is a currency that is used by almost all members of the European Union.

The purpose for it being introduced was to facilitate trade and to have a common monetary policy. It also allowed for the easier controlling, and monitoring of, exchange rates.

In conclusion, this is the Euro.

Find out more on the Euro at https://brainly.com/question/1563504.