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International Trade Series
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International trade
History of international trade
Political views
Fair trade
Free trade
Protectionism
Economic integration
Preferential trading area
Free trade area
Customs union
Common market
Economic and monetary union
Other
Trade pact
Trade bloc
Trade creation
Trade diversion

In economics, a monetary union is a situation where several countries have agreed to share a single currency (also known as a unitary or common currency) among them, for example, the East Caribbean dollar. International trade is exchange of Capital, Goods, and Services across International borders or Territories. The history of international trade chronicles notable events that have affected the Trade between various countries Fair trade is an organized Social movement and market-based approach to empowering developing country producers and promoting sustainability Free trade is a system in which the trade of goods and services between or within countries flows unhindered by government-imposed restrictions For the protectionist Australian political party from the 1880s to 1909 see Protectionist Party Economic integration is a term used to describe how different aspects between economies are integrated A Preferential Trade Area is a Trading bloc which gives preferential access to certain products from the participating countries See also List of free trade agreements This is article is on free international trade A customs union is a Free trade area with a Common external tariff. An economic and monetary union is a Single market with a common currency A trade pact is a wide ranging Tax tariff and trade pact that often includes Investment guarantees A trade bloc is a large Free trade area formed by one or more Tax tariff and trade agreements Trade creation is an Economic term related to International economics in which Trade is created by the formation of a Customs union. Trade diversion is an Economic term related to International economics in which Trade is diverted from a more efficient exporter towards a less efficient The East Caribbean dollar ( Currency code XCD) is the Currency of eight of the nine members of the Organisation of Eastern Caribbean States A monetary union differs from an economic and monetary union, where it is not just currency but also economic policy that is pooled or co-ordinated (as in the European Union Eurozone, for instance). An economic and monetary union is a Single market with a common currency The European Union ( EU) is a political and economic union of twenty-seven member states, located primarily in Euro Enlargement of the

Contents

Existing monetary unions

De facto monetary unions

See also: dollarization

Planned monetary unions

Proposed monetary unions

Previous monetary unions

See also

External links

The Kingdom of Bahrain (in مملكة البحرين,, literally Kingdom of the Two Seas) is an Island country in the Persian Gulf The dinar (دينار is the Currency of Bahrain. The ISO 4217 currency code is BHD The Kingdom of Bahrain (in مملكة البحرين,, literally Kingdom of the Two Seas) is an Island country in the Persian Gulf The State of Kuwait ( دولة الكويت IPA [dawlatt̪ alkuwajt̪]) is a sovereign Arab Emirate on the coast of the Persian Gulf, enclosed Oman, officially the Sultanate of Oman ( Arabic: سلطنة عُمان) is an Arab Country in Southwest Asia on the southeast Qatar ( قطر; ˈqɑtˁɑr local pronunciation giṭar officially the State of Qatar (Arabic دولة قطر transliterated The Gulf rupee, also known as the Persian Gulf rupee ( ISO 4217 code XPGR) was a currency used in the countries of the Persian Gulf and the Aden (ˈeɪdən Arabic: عدن) is a city in Yemen, 170 kilometers east of Bab-el-Mandeb. The Kingdom of Bahrain (in مملكة البحرين,, literally Kingdom of the Two Seas) is an Island country in the Persian Gulf The Republic of Kenya is a country in East Africa. It is bordered by Ethiopia to the north Somalia to the northeast Tanzania to the south The State of Kuwait ( دولة الكويت IPA [dawlatt̪ alkuwajt̪]) is a sovereign Arab Emirate on the coast of the Persian Gulf, enclosed Oman, officially the Sultanate of Oman ( Arabic: سلطنة عُمان) is an Arab Country in Southwest Asia on the southeast Qatar ( قطر; ˈqɑtˁɑr local pronunciation giṭar officially the State of Qatar (Arabic دولة قطر transliterated British Somaliland was a British Protectorate in the north part of the Horn of Africa. The Republic of Uganda is a Landlocked country in East Africa. Zanzibar ( is part of the East African republic of Tanzania. It consists of the Zanzibar Archipelago in the For usage see British rule in India British Raj ( rāj, lit "reign" in Hindustani) primarily refers to the British India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country The rupee (रुपया ( code: INR) is the Currency of India. The Belgium-Luxembourg Economic Union (Belgisch-Luxemburgse Economische Unie Union économique belgo-luxembourgeoise, Belsch-Lëtzebuerger Wirtschaftsunioun abbreviated to An economic and monetary union is a Single market with a common currency For usage see British rule in India British Raj ( rāj, lit "reign" in Hindustani) primarily refers to the British The Straits Settlements were a collection of territories of the British East India Company in Southeast Asia, which were given collective administration in 1826 The rupee (रुपया ( code: INR) is the Currency of India. The Czech Republic ( ˈt͡ʃɛskaː ˈrɛpuˌblɪka short form in Česko ˈt͡ʃɛskɔ also called Czechia, Slovakia (long form Slovak Republic; Slovak:, long form, is a Landlocked country in Central Europe with a population of over five million New Year See also New Year The Ancient Romans began their consular year on January 1st since 153 BC Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) Events 421 - Constantius III becomes co- Emperor of the Western Roman Empire. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) The Czechoslovak koruna (in Czech and Slovak: Koruna československá, at times Koruna česko-slovenská; koruna means crown NOTE This intro is the result of careful NPOV work Please do not make potentially controversial edits to it without first discussing on the talk page Eritrea () ( Ge'ez: ኤርትራ ʾErtrā, Arabic: إرتريا Iritriya) officially the State of Eritrea, is a country in The birr (ብር is the unit of Currency This article is about the country For a topic outline on this subject see List of basic France topics. For other uses see Monaco (disambiguation Monaco, officially the Principality of Monaco ( French: Principauté de Monaco; Monégasque Andorra, officially the Principality of Andorra ( Catalan: Principat d'Andorra) is a small Landlocked country in western The franc (represented by the franc sign ₣ or more commonly just F) is a former Currency of France. The Organisation of Eastern Caribbean States ( OECS) created in 1981 is an inter-governmental organisation dedicated to economic harmonisation and integration protection of Barbados ( Portuguese word for bearded-ones, bɑrˈbeɪdoʊz -dɒs situated just east of the Caribbean Sea, is an independent Island nation The Republic of Trinidad and Tobago (ˈtrɪnɪdæd ən təˈbeɪgoʊ is an archipelagic state in the southern Caribbean, lying northeast of the South American British Guiana was the name of the British Colony on the northern coast of South America, now the independent nation of Guyana. The East Caribbean dollar ( Currency code XCD) is the Currency of eight of the nine members of the Organisation of Eastern Caribbean States Italy (Italia officially the Italian Republic, (Repubblica Italiana is located on the Italian Peninsula in Southern Europe, and on the two largest Vatican City, officially the State of the Vatican City (Stato della Città del Vaticano is a Landlocked sovereign City-state whose territory The Most Serene Republic of San Marino (Serenissima Repubblica di San Marino is a country in the Apennine Mountains. The lira (plural lire) was the Currency of Italy between 1861 and 2002 Ireland ( Irish: Éire, ˈeːrʲə is a country in north-western Europe. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency There are three stages of Monetary cooperation in the European Union. Jamaica (ˈdʒəˈmeɪkə} is an Island nation of the Greater Antilles, in length and as much as in width situated in the Caribbean Sea. The Cayman Islands are a British overseas territory located in the western Caribbean Sea, comprising the islands of Grand Cayman, Cayman Brac The pound was the official currency of Jamaica between 1840 and 1969 The dollar ( sign: $; code: JMD) has been the Currency of Jamaica since 1969 The Republic of Kenya is a country in East Africa. It is bordered by Ethiopia to the north Somalia to the northeast Tanzania to the south The Republic of Uganda is a Landlocked country in East Africa. Zanzibar ( is part of the East African republic of Tanzania. It consists of the Zanzibar Archipelago in the The Rupee was the Currency of Britain's East African colonies and protectorates between 1906 and 1920 The Republic of Kenya is a country in East Africa. It is bordered by Ethiopia to the north Somalia to the northeast Tanzania to the south The Republic of Uganda is a Landlocked country in East Africa. Zanzibar ( is part of the East African republic of Tanzania. It consists of the Zanzibar Archipelago in the Tanganyika is the name of an East African territory lying between the largest of the African great lakes Lake Victoria, Lake Malawi and Lake Tanganyika The Florin was the Currency of the British colonies and protectorates of East Africa between 1920 and 1921 The Republic of Kenya is a country in East Africa. It is bordered by Ethiopia to the north Somalia to the northeast Tanzania to the south Tanganyika is the name of an East African territory lying between the largest of the African great lakes Lake Victoria, Lake Malawi and Lake Tanganyika Zanzibar ( is part of the East African republic of Tanzania. It consists of the Zanzibar Archipelago in the Tanzania ˌtænzəˈniːə officially the United Republic of Tanzania (Jamhuri ya Muungano wa Tanzania is a country in East Africa bordered by Kenya The Republic of Uganda is a Landlocked country in East Africa. British Somaliland was a British Protectorate in the north part of the Horn of Africa. Italian Somalia (also known as Italian Somaliland) was a colony of the Kingdom of Italy ( Regno d'Italia) from the 1880s until 1942 in the territory The shilling was the Currency issued for use in British controlled areas in East Africa from 1921 until 1969 The Latin Monetary Union ( LMU) was a 19th century attempt to unify several European currencies into a single currency that could be Liberia, officially the Republic of Liberia, is a country on the west coast of Africa, bordered by Sierra Leone, Guinea, Côte d'Ivoire The United States of America —commonly referred to as the The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Mauritius (pronounced məˈrɪʃəs L’île Maurice /il mɔ'ʁis/ Mauritian Creole: Maurice) officially the Republic of Mauritius, République Seychelles (seɪˈʃɛl or /seɪˈʃɛlz/ in English and seʃɛl in French) officially the Republic of Seychelles (République des Seychelles Creole The rupee ( ISO 4217 code MUR) is the currency of Mauritius. It is divided into 100 cents. Nigeria, officially named the Federal Republic of Nigeria, is a federal Constitutional republic comprising thirty-six states and one Federal Sierra Leone, officially the Republic of Sierra Leone, is a country in West Africa. This article is about the British colony in west Africa 1821-1957 Liberia, officially the Republic of Liberia, is a country on the west coast of Africa, bordered by Sierra Leone, Guinea, Côte d'Ivoire The pound was the Currency of British West Africa, a group of British colonies protectorates and mandate territories The Thaler (sometimes Reichsthaler) was the currency of Prussia until 1857 Qatar ( قطر; ˈqɑtˁɑr local pronunciation giṭar officially the State of Qatar (Arabic دولة قطر transliterated The Riyal ( Arabic: ريال ISO 4217 code QAR) is the currency of Qatar. The Kingdom of Saudi Arabia, KSA ( المملكة العربية السعودية, al-Mamlaka al-ʻArabiyya as-Suʻūdiyya) or Suudi Qatar ( قطر; ˈqɑtˁɑr local pronunciation giṭar officially the State of Qatar (Arabic دولة قطر transliterated The riyal ( Arabic: ريال ISO 4217 code SAR) is the currency of Saudi Arabia. Samoa, officially the Independent State of Samoa, is a country governing the western part of the Samoan Islands Archipelago in the South Pacific Ocean New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island The pound was the currency of New Zealand between 1840 and 1967 The Kingdom of Denmark ( ˈd̥ænmɑɡ̊ (archaic ˈd̥anmɑːɡ̊ commonly known as Denmark, is a country in the Scandinavian region of northern Europe Norway ( Norwegian: Norge ( Bokmål) or Noreg ( Nynorsk) officially the Kingdom of Norway, is a Constitutional "Sverige" redirects here For other uses see Sweden (disambiguation and Sverige (disambiguation. The Scandinavian Monetary Union (Skandinaviska myntunionen Skandinaviske møntunion Skandinaviske myntunion was a Monetary union formed by Sweden and Denmark The Solomon Islands is a country in Melanesia, east of Papua New Guinea, consisting of nearly one thousand islands Papua New Guinea (or ˈpæpjuːə in Tok Pisin: Papua Niugini) officially the Independent State of Papua New Guinea, is a country in Oceania For a topic outline on this subject see List of basic Australia topics. The Australian dollar ( sign: $; code: AUD) is the Currency of the Commonwealth of Australia, including Christmas The Gulden was the currency of the states of southern Germany between 1754 and 1873 Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. Andorra, officially the Principality of Andorra ( Catalan: Principat d'Andorra) is a small Landlocked country in western The peseta ( ISO 4217 code ESP standard abbreviation Pta Pts or Ptas The Republic of South Africa (also known by other official names) is a country located at the southern tip of the continent of Africa The Republic of Botswana (Lefatshe la Botswana is a Landlocked nation in Southern Africa. The rand ( sign: R; code: ZAR) is the Currency of South Africa. This article is about the country of Egypt For a topic outline on this subject see List of basic Egypt topics. Sudan (officially the Republic of Sudan) ( السودان al-Sūdān is a country in northeastern Africa. The Egyptian pound or gineih (الجنيه المصرى el-Gineih el-Miṣrī) The Pound Sterling ( symbol £; ISO code: GBP) subdivided into 100 pence (singular penny) is the Currency Economic integration is a term used to describe how different aspects between economies are integrated An economic and monetary union is a Single market with a common currency Dollarization occurs when the inhabitants of a country use foreign Currency in parallel to or instead of the domestic currency
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