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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 ...
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.
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 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] By 6 May ...
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
euro Notes Austrian schilling Austria: S or öS (ATS) 1999/2002 13.7603 Belgian franc Belgium: fr. (BEF) 1999/2002 40.3399 [c] Croatian kuna Croatia: kn (HRK) 2023 7.5345 Cypriot pound Cyprus £ (CYP) 2008 0.585274 Dutch guilder Netherlands: ƒ or fl. (NLG) 1999/2002 2.20371 Estonian kroon Estonia: Kr (EEK) 2011 15.6466 Finnish markka Finland ...
Kuna banknotes were introduced by the government in 1941, in denominations of 10, 50, 100, 500 and 1000 kuna. These were followed in 1942 by notes for 50 banicas and 1 and 2 kunas. In 1943, the Croatian State Bank introduced 100, 1000 and 5000 kuna notes.
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.