Croatia to become 20th country to adopt euro as currency

Daily Current Affairs / Croatia to become 20th country to adopt euro as currency

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Category : International Published on: July 15 2022

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European Union (EU) formally approved Croatia's accession to the eurozone, paving the way for the Balkan nation to adopt euro as its currency from January 1, 2023.
Croatia's switch from the kunas to the euro in 2023 will come less than a decade after the former Yugoslav republic joined the EU.
One of the adopted legal acts sets the conversion rate between the euro and the Croatian kuna at 7.53450 kunas per €1.
Lithuania was the last EU member to adopt the euro in 2015, and Bulgaria is the next in line to join the eurozone. The Balkan country has stated its willingness to adopt it as of January 1, 2024.