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The Independent UK

National

David McHugh

The euro is about to get a new member. What does that mean?

Euro eurozone Bulgaria European Union ECB Madeleine McCann European Commission

Red paint from pro-Russian protests remain visible on the European Parliament and European Commission building in Sofia, Bulgaria - (AP)

The European Union has given the green light for Bulgaria to become the 21st member of the euro currency union.

The decision on Wednesday allows the Balkan nation of 6.4 million people to replace its national currency, the lev, with the euro, effective January 1.

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