One kuna is equal to 100 lipa. But soon that will also be a thing of the past. From January 1st, Croatia will be the next country to adopt the euro as its official currency.
The final go-ahead will be given when Finance Minister Zdravko Maric meets his EU colleagues at a ministerial meeting in Brussels today. After that, the EU's latest new member state can prepare to also become the eurozone's latest addition. Croatia joined the EU on 1 July 2013,
”"We look forward to membership and to being able to contribute to further strengthening the world's second strongest currency (after the US dollar)," says Maric on his way into the meeting.
In a preliminary interview with the news site Politico Europe, he also expressed some concern that the introduction of the euro will fuel inflation. Croatian investigations have shown that previous introductions in other new euro countries increased prices there by between 0.2 and 0.4 percent, as a result of prices often being rounded up when they were to be converted into the new currency.
”But ultimately, we still see that the euro benefits are much greater and more long-term than the costs,” Maric tells Politico.
In practical terms, the currency will be introduced from January 1, 2023.
Source: TT-DI.SE
