Thailand vs Euro area
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Economy power of Thailand & Euro area
World Rank 41
3.74
The Kingdom of Thailand was earlier on known as Siam. It is a nation that plays a crucial role in Southeast Asia where it is located. Since it is at the centre of the Indochinese Peninsula, it is bordered by many different nations, including Myanmar, Laos, Cambodia and Malaysia. Interestingly, they also share maritime borders with Vietnam, Indonesia, and India. It is important to know that in spite of being a constitutional monarchy, there have been several coups and periods of dictatorships enforced by military groups.
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The euro area (eurozone) is a monetary union of 19 member states of the European Union that have the euro as their primary currency.
List of member states: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Andorra, Monaco, San Marino, and Vatican City have formal agreements with the EU to use the euro as their official currency.
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