Croatia will adopt the euro in January 2023, the first country to adopt the currency since Lithuania in 2015.
The Council of the European Union formally adopted the final three legal acts required to enable Croatia to introduce the euro on July 12 at a meeting of EU finance ministers in Brussels.
Zbyněk Stanjura, the Minister of Finance of Czechia, said that Croatia has successfully completed all the required economic criteria and will pay in euros on January 1, 2023.
“I would like to congratulate my counterpart, Zdravko Marić, and the whole of Croatia for becoming the 20th country to join the euro area. Adopting the euro is not a race, but a responsible political decision,” Stanjura said.
Croatia will adopt from kuna to euro on January 2023 at an exchange rate of 7.53450.
Boris Vujčić, governor of the Croatian National Bank, said that the euro would strengthen the country’s economy and increase the citizens’ standard of living in the long term.
“From Croatia’s entry into the euro area, our citizens and entrepreneurs will have concrete, direct and permanent benefits. I am truly proud of this great Croatian success,” Vujčić said.
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