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Croatia adopted the euro as its currency on 1 January 2023, becoming the 20th member state of the eurozone.A fixed conversion rate was set at €1 = kn 7.5345 [1]. Croatia's previous currency, the kuna (Croatian for marten), used the euro (and prior to that one of the euro's major predecessors, the German mark or Deutsche Mark) as its main reference since its creation in 1994, and a long-held ...
The kuna (Croatian pronunciation:; sign: kn; code: HRK) was the currency of Croatia from 1994 until 2023, when it was replaced by the euro. The kuna was subdivided into 100 lipa. It was issued by the Croatian National Bank and the coins were minted by the Croatian Mint.
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]
Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica Grenada
In the process of accession of Croatia to the European Union, the government decided to eventually replace the kuna with the euro (€, EUR). Following the entry into the ERM II regime in 2020, a fixed conversion rate was set at 1 € = 7.53450 kn in 2022, which was the final year for the kuna as Croatia replaced it with the euro on 1 January 2023.
As a member of the European Union, Eurozone, and Schengen Area, it uses the euro (€) as official currency. [44] [45] Croatia has free-trade agreements with many world nations and is a part of the World Trade Organization (2000) and the EEA (2013).
Euro 2024: Spain 3-0 Croatia. 18:23, Chris Wilson. 62 mins. Croatia haven’t threatened in a while now, and it looks like this game has got away from them. Euro 2024: Spain 3-0 Croatia. 18:21 ...
The euro was established in 1999, but "for the first three years it was an invisible currency, used for accounting purposes only, e.g. in electronic payments". [2] In 2002, notes and coins began to circulate. The euro rapidly took over from the former national currencies and slowly expanded around the European Union.