Croatia in EMU on 2023

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ART
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Croatia in EMU on 2023

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Even the latest member of the EU is starting to get busy. At the end of last year, the document "Strategy for the adoption of the euro in Croatia" [*] was presented jointly by the government and the central bank, explaining in detail what Croatia should do to achieve accession to the european monetary union and the guidelines to be followed also during and after the event. Given that some criteria are not yet met, no entry dates are estimated: for now, of course, there is only the first stage will be membership of the ERM-II, with the intention of implementing it by 2020.

It should be noted that in Croatia the euro is already used today: just think that 80% of credits and savings are expressed in euros, as well as many prices.



[*] https://euro.hnb.hr/documents/2070751/2 ... 63f9af3c95
Last edited by ART on Sat Dec 26, 2020 8:02 am, edited 2 times in total.
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Akai
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Re: Croatia in EMU?

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Croatia has entered the Exchange Rate Mechanism (ERM II), a key step towards the introduction of the euro, and the Croatian National Bank (HNB) has established close cooperation with the European Central Bank, the ECB and the European Commission.

Source: https://www.croatiaweek.com/croatia-ent ... sm-erm-ii/
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ART
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Re: Croatia in EMU on 2023

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On 11 November, the Croatian National Bank presented the National Plan to replace the Croatian kuna with the euro [*]. The plan states that the transition period with the double circulation of the old kuna cash with that in euro will be 2 weeks, then there will be 6 months to change the cash for free at the post office, or in private banks but pay for. After 12 months the private banks will not change anymore and only the Croatian National Bank will do it for free.

For some time now, the Croatian National Bank has also opened a special information section for the euro on its website: https://euro.hnb.hr

[*] https://euro.hnb.hr/documents/2070751/2 ... 5269883861
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