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Croatia still on target to adopt Euro and ditch Kuna in 2023 Canva

Croatia still on target to adopt Euro and ditch Kuna in 2023

Written by  Dec 11, 2021

The Deputy Prime Minister and Minister of Finance Zdravko Maric said in Rovinj on Friday that the euro law is in the drafting stage, and is should be published in mid-January, while its adoption is expected in April next year.

With this law, it will be necessary to change 46 laws and more than 70 bylaws before the introduction of the euro, said Maric at the conference "Croatia as part of the eurozone", held in Rovinj, organized by Vecernji list and Istria County.

The government has set January 1, 2023, as the date when Croatia should be ready to join the eurozone, and the announcement of a formal decision on Croatia's entry into the eurozone is expected in the middle of next year.

"From that moment on, Croatia is practically entering that final phase and we have to speed up all the work we are doing because there is a lot of work ahead of us," said Maric.

A major adjustment is forthcoming in the financial sector and as it all has one common denominator, which is "consumer information and protection as an integral principle of the whole process we are conducting".

According to him, from August next year, the law on the euro will regulate the obligation of double reporting of prices, which is one of the ways to alleviate inflationary pressures.

"On January 1, 2023, we will switch to the euro overnight and the dual circulation will last for another two weeks, citizens will be able to pay in Kunas, and after that only in euros. The period of dual display of prices will last at least a year,” said Minister Marić.


The Voice of Dubrovnik


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