Croatia Joins the Schengen Area

In other words, Croatia starts the New Year with the removal of internal borders between itself and other members of the Schengen area, and with the full adoption of the euro, which will gradually replace the Croatian kuna as the currency of Croatia.

Croatia joins the Schengen area and the Eurozone

The euro will bring great economic and social benefits to Croatia’s people and businesses. It will lower barriers for companies, reduce costs for importers and exporters – leading to more choice and better prices for consumers.

The Croatian National Bank has already supplied commercial banks with euro banknotes and coins, which will be distributed to shops and businesses, and also people.

In fact, Croatian people can exchange kuna banknotes without a time limit and kuna coins until 31 December 2025 at the Croatian National Bank. The exchange will be free of charge in this bank.

Exchanges in the Financial Agency and post offices will be free until 30 June 2023 and up to a limit of 100 kuna banknotes and 100 kuna coins. The Financial Agency and post offices will take kuna cash and deliver euro cash until 30 June 2023, and commercial banks will do it until 31 December 2023.

In line with a consistent record of exchange-rate stability, the Croatian kuna will be exchanged at a conversion rate of 1 euro for 7.53450 Croatian kuna. Parallelly, 70% of automatic teller machines (ATMs) in Croatia will be delivering euro cash from 1 January 2023. Commercial banks will publish online information on which ATMs deliver euro cash to facilitate the process.

Croatia’s adoption of the euro was supported by the European Commission’s 2022 Convergence Report, the European Central Bank’s own Convergence Report, and EU Finance Ministers who took the formal decision to allow this.

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