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Croatia joined the European Union on 1 July 2013 and the Exchange Rate Mechanism on 10 July 2020 at a rate of 7.53450 HRK to €1. [11] [12] The kuna was replaced by the euro on 1 January 2023 after satisfying prerequisites [13] as the initial time estimate of standard four years after joining the European Union proved too short. [14]
Zinc coins were issued in denominations of 1 and 2 kuna in 1941. Circulations of the 1 kuna coin were insignificant which made the coin itself extremely rare. [5] One gold coin with two separate designs valued at 500 kuna was minted in 1941. It consisted of 9.95 grams of .900 fine gold, however it never entered circulation. [6]
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 ...
Latvia had a fixed exchange-rate system arrangement whose anchor switched from the SDR to the euro on 1 January 2005. 28 June 2004 – 31 December 2014 Lithuania: Litas (Lt.) 3.4528: 15% 0% The litas was pegged to the US dollar until 2 February 2002, when it switched to a euro peg. 10 July 2020 – 31 December 2022 Croatia: Kuna (kn.) 7.53450 ...
The euro replaced the Croatian kuna on 1 January 2023. The exchange rate between the euro and kuna had been set on 12 July 2022 at 7.5345 HRK and similar to the previous launch of Slovenia, cash and non-cash transactions were introduced simultaneously on the same day and date the country also entered the Schengen Area.
The Independent State of Croatia kuna at the time of adoption included banknotes of 10, 50, 100, 500, and 1,000. Banknotes of 1, 2, were later introduced in 1942, and 5,000 banknotes were added in 1943. [10] The Kuna started with a fixed exchange rate of 20.00 Kn (Kuna) = 1 RM (Reichsmark), the currency for Germany at the time. [11]
The euro was introduced as a replacement for the Croatian kuna on 1 January 2023. [4] The kuna and the euro were in dual circulation until 14 January 2023 in order to aid the gradual transition to the euro. Prices are displayed in both currencies since 5 September 2022, and will continue to be until 31 December 2023.
The Croatian dinar replaced the 1990 version of the Yugoslav dinar at par on 23 December 1991. It was a transitional currency introduced following Croatia's declaration of independence. During its existence, the dinar declined in value by a factor of about 70. On 30 May 1994, the dinar was replaced by the kuna at a rate