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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 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 ...
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]
5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden) Non–EU member states 4 using the euro with a monetary agreement ( Andorra , Monaco , San Marino , and Vatican City )
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:
Croatia, being the latest country to join the Eurozone on 1 January 2023, was accordingly added to the scope of application of European Banking Supervision. Under the European Treaties, non-Eurozone countries do not have the right to vote in the ECB's Governing Council and, in return, are not bound by its decisions. As a result, non-Eurozone ...
Plenković has faced accusations of corruption as Croatia, a European Union and NATO member, struggles with the highest inflation rate in the eurozone, a labor shortage and a surge in migration.
Non-eurozone member state Currency Central rate per €1 [20] EU join date ERM II join date [20] Government policy on euro adoption Convergence criteria compliance [21] (as of June 2024) Notes Bulgaria: Lev (BGN) 1.95583 [nb 1] 2007-01-01 2020-07-10 Euro adoption on 1 July 2025 [22] Compliant with 4 out of 5 criteria (all except inflation) [23]