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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 = 7.5345 kn. [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 euro area, [8] commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro as their primary currency and sole legal tender, and have thus fully implemented EMU policies. The 20 eurozone members are:
The enlargement of the eurozone is an ongoing process within the European Union (EU).All member states of the European Union, except Denmark which negotiated an opt-out from the provisions, are obliged to adopt the euro as their sole currency once they meet the criteria, which include: complying with the debt and deficit criteria outlined by the Stability and Growth Pact, keeping inflation and ...
Enlargement of the European Economic Area is a separate process. Croatia is a fully participating member as of 19 February 2025. Croatia has adopted the euro as its national currency in 2023. The Croatian Parliament passed legislation enacting a national framework for transitioning to the euro on 13 May 2022.
Before an EU member state can join the euro, its currency has to remain in a fluctuation band of 15% plus or minus against the euro for a minimum of two years. Croatia, Bulgaria take big step ...
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The accession of Croatia to the European Union was completed in 2013. Croatia first hosted the rotating Presidency of the Council of the European Union in the first half of 2020. The country adopted the euro as its currency and joined the Schengen Area in 2023. [1]
English (en): A map of the Eurozone and the status of the surrounding countries and territories. EU member states using the euro (Euro area) ERM II member states with an opt-out