Soap Note Replace EU Currency Field For Free

On the first of January 2023, Croatia became the 20th country to join the eurozone. The kuna, the local currency, has been replaced by the euro. With the single currency, the country hopes to make its economy stronger and more stable, and to improve the standard of living of its inhabitants.

Croatia joined the euro area on 1 January 2023 The exchange rate must be shown in a clear and visible way when displaying prices. This is a key measure for consumer protection. Both euro and kuna (banknotes and coins) were allowed as means of payment for a two-week period following the introduction of the euro.

See ?Croatia to join euro area on 1 January 2023?, press release, ECB, 12 July 2022. This was the central rate of the kuna for the duration of the country's participation in the exchange rate mechanism (ERM II).

In Statistics Explained articles the symbol '?' should be used for euro in the text if it is followed by a number. This applies also to graphs and tables. It should be placed before the figure: ?30.

The Croatian National Bank had anticipated euro adoption within two or three years of EU entry. However, the EU's response to the financial crises in eurozone delayed Croatia's adoption of the euro. The country's own contracting economy also posed a challenge to its meeting of the convergence criteria.

2 The Croatian authorities notified the Fund on October 5, 2022, that the euro will be their country's currency, effective from January 1, 2023.

The Croatian National Bank had anticipated euro adoption within two or three years of EU entry. However, the EU's response to the financial crises in eurozone delayed Croatia's adoption of the euro. The country's own contracting economy also posed a challenge to its meeting of the convergence criteria.

Currency: Kuna The kuna is still the country's currency, even though Croatia became a member of the European Union on 1 July 2013. However, the euro is increasingly accepted particularly for large amounts. If you travel to Croatia by car, you'll find that you can also pay toll charges in euros.