Croatia officially admitted to the eurozone

Conversion rate: 1 euro = HRK 7.53450

The ceremony of signing the three final legal acts necessary for Croatia to adopt the euro on 1 January was held in Brussels on Tuesday, 12.07.2022. whereby the decision-making process for Croatia's entry into the euro area was completed.

One of those legal acts adopted by the European Union's Economic and Financial Council (Ecofin) sets the conversion rate between the euro and the Croatian kuna at 7.53450 kuna for 1 euro. The rate corresponds to the current central rate of the kuna in the exchange rate mechanism (ERM II).

Another of the three acts concerns the decision on the adoption of the euro by Croatia, while the third is an amendment to a regulation welcoming Croatia as the 20th member of the euro area as of next year.

The legal acts also make it possible for the Croatian National Bank (HNB) governor to become an observer in the European Central Bank's governing council in September, and on 1 January 2023, the HNB Governor becomes ta full member of that council.

Read more here.

Source: Government of the Republic of Croatia