18:22 / 12.07.2022.

Author: Branko Lozančić

Croatia accepted into Eurozone, conversion rate: 1 euro = 7.53450 kuna

Entry into the Eurozone

Entry into the Eurozone

Foto: HTV / HRT

Today, the Council of the European Union adopted the Decision on the acceptance of the euro in Croatia from January 1, 2023, an amendment to the regulation according to which Croatia becomes the twentieth member of the euro area, and a regulation establishing a fixed conversion rate of the kuna to the euro: 1 euro = 7.53450 kuna.

In its report, the European Commission pointed out that Croatia is ready for the introduction of the euro from January 1, 2023. On June 24, the leaders of the EU member states supported the recommendation on Croatia's entry into the euro area. A fixed kuna and euro exchange rate was determined.

Plenković: Croatia's entry into the Eurozone is in the interest of Croatian citizens

Prime Minister Andrej Plenković said that Croatia is joining the Eurozone because it believes that it is in the interest of the citizens.

He pointed out that in this way we increase our credibility and reputation on the financial markets, towards all international institutions, especially those of an economic and financial nature, and towards different investors and credit rating agencies.

Marić: A strong message to all citizens despite all the challenges

“This is a huge historic day for Croatia,” said Finance Minister Zdravko Marić.

“The decisions made at the Council mark something fantastic in our history. I believe that this is a very big day for the EU and for the European monetary union, because the fact that the Republic of Croatia will become the 20th member of the Eurozone is a very clear signal that European integration continues despite all the challenges we are facing. This is a strong positive message to all our citizens, clients and all our markets,” said Zdravko Marić, the outgoing Minister of Finance.

Source: HRT

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