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[Music] this video was made possible by patrons like alexandra s thanks alex if you sign up now you can get an exclusive tldr lanyard absolutely free find out more at the end of the video besides the us dollar there are relatively few global currencies with the only currency really attempting to erode the dollar supremacy being the euro the official currency of the european union all member states barring those with opt-outs are actually required to abandon their national currencies and adopt the euro making it the de facto currency of the union although there are a few countries who arent part of the eu and use the euro without permission something well discuss later anyway while the majority of eu countries have adopted the euro a docHub number are holding out including bulgaria so in this video lets discuss why bulgaria hasnt yet made the switch to the euro how that could change in the coming years and why some countries just give up on the entire process in the first place