Republic of Croatia:Representative Rate for the Euro

Author: International Monetary Fund. Finance Dept.

Republic of Croatia: Representative Rate for the Euro

Volume/Issue: Volume 2023 Issue 077

Publication date: February 2023

ISBN: 9798400232862

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Topics covered in this book

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Finance , Money and Monetary Policy , International - Economics , representative exchange rate , capital markets department , copyright page , representative rate , exchange arrangement , Exchange rates , Capital markets

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Summary

The Council of the European Union decided on July 12, 2022 that the Republic of Croatia had fulfilled the necessary conditions for adoption of the euro with effect from January 1, 2023,1 and that the conversion rate should be set at 7.53450 Croatian kuna per one euro.2 The Croatian authorities notified the Fund on October 5, 2022, that the euro will be their country’s currency, effective from January 1, 2023.