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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 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]
In the process of accession of Croatia to the European Union, the government decided to eventually replace the kuna with the euro (€, EUR). Following the entry into the ERM II regime in 2020, a fixed conversion rate was set at 1 € = 7.53450 kn in 2022, which was the final year for the kuna as Croatia replaced it with the euro on 1 January ...
Croatia and the EU prior to its accession in 2013. A referendum on the EU accession of the Republic of Croatia was held on 22 January 2012. Croatia finished accession (membership) negotiations on 30 June 2011 and signed the Treaty of Accession on 9 December 2011, setting it on course to become the bloc's 28th member state.
On 20 October 2022, the executive board of the European Central Bank (ECB) adopted a Decision on the application of minimum reserves by the ECB following the introduction of the euro in Croatia on 1 January 2023. [20] From 15 December 2022 to 15 January 2023, there were no charging fees for cash withdrawals from ATMs to clients of other banks. [21]
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 ...
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]
[69] [70] [71] On 13 December 2016, the European Council (comprising the heads of state or government of the member states) resolved that it would open no new areas in Turkey's membership talks in the "prevailing circumstances", [72] as Turkey's path toward autocratic rule made progress on EU accession impossible. [73]