Saturday, 01 October 2022

Euro changes to come from next week as Croatia changes currency

Written by  Sep 03, 2022

The euro will become the official monetary unit and legal tender in the Republic of Croatia on January 1, 2023 and already from Monday the 5th of September changes will come.

Prices across the country will have to be both in Kuna and Euro from the 5th of September, or as a statement read “The period of mandatory double reporting is from September 5, 2022 at 00:00 hours to December 31, 2023 at 24:00 hours.” In the period of dual reporting, business entities will be obliged to report the price in euro and Kuna with a fixed conversion rate.

And the period of dual circulation begins on January 1, 2023 at 00:00 and lasts until January 14, 2023 at 24:00. And during the period of dual circulation, both Kuna and Euro will be used as legal tender in cash transactions. During those first 14 days of 2023, if you pay in Kuna in cash you’ll receive your change in Euro. The only exception will be if the payee is not able to return the rest of the amount in Euro cash, in that case Kuna can be returned.

The government expects that the exchange of Kuna cash will be particularly intensive during the first two weeks after the introduction of the euro, i.e. during the period of dual circulation.

The Council of the European Union also determined the euro conversion rate for Croatia, which established that the conversion rate is set at HRK 7.53450 for one euro.

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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