Croatia Adopts Euro From 2023 & Joins Schengen

The European Commission has fully supported Croatia’s integration with the eurozone and the Schengen area. 20 EU Member States and 347 million EU citizens will share the EU’s common currency with Croatia.

The euro will gradually replace the kuna as Croatia’s currency beginning on January 1, 2023. As per  track record of exchange-rate stability, the kuna will be exchanged at a rate of 1 euro for 7.53450 Croatian kuna. For the next two weeks, the two currencies will be used in tandem. When a payment in kuna is received, the change will be given in euro. This will allow the kuna to be gradually removed from circulation.

Croatia will fully join the Schengen area and adopt the euro as its currency on January 1, 2023. This is a watershed moment in the history of Croatia, the eurozone, the Schengen area, and the EU as a whole.

Croatian citizens and businesses will benefit directly from the euro. It will ease travel and living abroad, increase market transparency and competitiveness, and facilitate trade. Euro notes and coins will also serve as a tangible reminder to all Croatians of the freedom, convenience, and opportunity made possible by the EU. In the eurozone, public support for the euro remains strong, with large majorities of EU citizens believing the euro is beneficial to both the EU as a whole and their own country.

The European Commission has fully supported Croatia’s integration with the eurozone and the Schengen area. 20 EU Member States and 347 million EU citizens will share the EU’s common currency with Croatia.

Commercial banks received advance euro banknotes and coins from the Croatian National Bank and distributed euro cash to shops and other businesses. Kuna banknotes and coins can be exchanged for euro banknotes and coins until 30 June 2023 at the Financial Agency and post offices.

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