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===Opt-outs=== {{See also|Denmark and the euro|United Kingdom and the euro}} The [[Maastricht Treaty]] of 1992 included protocols on Denmark and the United Kingdom, giving them opt-outs with the right to decide if and when they would adopt the euro.<ref name="UK">{{cite web|url=https://publications.parliament.uk/pa/ld199798/ldhansrd/vo980312/text/80312-21.htm|title=Volume: 587, Part: 120 (12 Mar 1998: Column 391, Baroness Williams of Crosby)|author=[[Parliament of the United Kingdom]]|date=12 March 1998|work=[[House of Lords]] [[Hansard]]|access-date=13 October 2007}}</ref> * {{Flagcountry|Denmark}}: The government of Denmark negotiated an [[Danish opt-outs from the European Union|opt-out]] to retain usage of the [[Danish krone]], but the currency is pegged to the euro via the [[European Exchange Rate Mechanism|ERM II]], the European Union's exchange rate mechanism. * {{Flagcountry|United Kingdom}}: Prior to its [[Brexit|withdrawal from the European Union]] in 2020, the United Kingdom negotiated an [[United Kingdom opt-outs from EU legislation#Economic and monetary union|opt-out]] to retain usage of the [[pound sterling]].
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