Croatia switched from kuna to euro – Muricas News

Croatia grew to become an official member of the euro space on January 1, 2023 and commenced to make use of the one European forex as a substitute of its nationwide forex, the kuna.

The corresponding determination was authorised on July 12 by the Council of the European Union. To undertake the euro, a rustic needed to fulfill quite a few financial circumstances, together with a secure alternate price and low inflation.

Croatia has change into the twentieth nation of the European Union to affix the Eurozone. Of the EU international locations, the Czech Republic, Sweden, Denmark, Romania, Bulgaria, Hungary, and Poland have retained their forex up to now. Of those, solely Bulgaria and Denmark are taking part within the preliminary means of adopting the euro, the European alternate price mechanism.