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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]
The Croatian euro coins are a set of euro coins currently being minted by the Croatian Mint since July 2022. [1] [2] [3] They are the official euro coins with the national motif of Croatia. The euro was introduced as a replacement for the Croatian kuna on 1 January 2023. [4]
The kuna (Croatian pronunciation:; sign: Kn) was the currency of the Independent State of Croatia from 1941 until 1945. [1] This kuna was subdivided into 100 banica. It was preceded and replaced by the Yugoslav dinar .
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 NDH currency was the Independent State of Croatia kuna. The Croatian State Bank was the central bank, responsible for issuing currency. The kuna adhered to the gold standard at approximately 17.91 milligrams of fine gold per kuna. The State Bank authorized the exchange of defunct Yugoslav Dinar banknotes at par to kuna banknotes.
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 Croatian National Bank (Croatian: Hrvatska narodna banka; pronounced [xř̩ʋaːtskaː nǎːrodnaː bâːŋka]), known until 1997 as the National Bank of Croatia (Croatian: Narodna banka Hrvatske), is the Croatian member of the Eurosystem and has been the monetary authority for Croatia from 1991 to 2022, issuing the Croatian dinar until 1994 and subsequently the Croatian kuna until ...
On January 1, 2023, Croatia joined the eurozone, replacing Croatian kuna with euro as its national currency. Rimac Automobili were designed and made in Croatia. Croatia's economy qualifies as high-income and developed. [205] International Monetary Fund data projects that Croatian nominal GDP will reach $88.08 Billion in 2024, or $22,966 per ...