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Croatia Embracing a New Currency

As Croatia joined the European Union in 2013, it remained unable to adopt the euro due to its unstable economy, including the lack of stable exchange rates and controlled inflation. As the country rang in the New Year this past weekend, the country became a wholly integrated member of the EU with the currency switch and the open border policy. 


According to NBC, while Croatia has opened its border to the EU nations, it decided to maintain its strict border control with its non-EU bordering nations; Bosnia, Serbia, and Montenegro.


As Croatia has held its use of Kuna for decades, its switch to the Euro is one to be nothing but significant. The permanent switch will be implemented on January 15th. In the fourteen days following that switch, any purchases made with Kuna’s will be given the change in Euro’s. 


According to CNN, approximately 70% of the ATMs in Croatia are already distributing Euro’s rather than Kuna’s. The exchange rate has been fixed at 7.53450 Kuna to 1 Euro.


Croatia has finally become the 20th nation in the Eurozone after almost nine years of attempting to stabilize the economy enough to be allowed to make the switch. 


Many Croatian citizens feel they’ve been a part of Europe for quite a while now, but after making it official, they feel as though they’ve been officially integrated, and their lives will become much easier. 


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Tags: #Euro #croatia #Kuna



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