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ATMs across Croatia to be upgraded to pay out new higher denomination euro banknotes

Written by  Mar 31, 2023

After three months, new banknotes of 50 and 100 euros will arrive at ATMs across Croatia. Until now, in most cases, only those of 10 and 20 euros were paid out from ATMs whilst the new currency was in its transitional stage.

However, from April 1, ATMs will also dispense 50-euro banknotes, and some will also dispense 100-euro ones, mostly those on the coast, reports RTL. The currency has changed, but not the value inside the ATM.

"The lowest value is 600,000 Kuna, and the highest 900,000 Kuna. The values have remained the same," says Lidija Stolica, president of the Croatian Security Guards Guild.

"If we have two cartridges, they are usually filled with two denominations. Then, for example, we have 20 and 50 euros, and then the algorithm determines how many, depending on the amount to be withdrawn, will be given in 50s and how many twenties," said Tihomir Mavriček, executive director of the Cash Sector of the Croatian National Bank.

In addition to the fact that all ATMs in the country are adapted to the euro, stronger protection is provided. "A dye will spread on the banknotes, that dye is not washable, it is recognizable in any use, it cannot be used for payment on any payment devices," explains Stolica.

Only three attacks on ATMs in Croatia so far this year 

In the first three months of this year, there were only three attacks on ATMs across Croatia. All three were unsuccessful. Although we have been living with the euro for three months now, Kunas are still among us.

"It is important to note that all those 6.2 billion Kunas will not be returned - part of it was lost, part of it was destroyed, and part of it will be left for sentimental needs, that is, for the needs of numismatics," says Tihomir Mavriček.

"We will get used to it for a year, as by law there must be prices in euros and Kuna, and after that, when prices are only in euros, it will simply push us and overnight we will be aware of how much we actually have in our pockets," explained Boris Podobnik, vice dean at the Zagreb School of Economics and Management.

It must be said that the introduction of the euro as the official currency in Croatia has gone relatively smoothly. Just three months down the line and most prices have settled down and citizens seem to be getting used to paying in the new European currency.

More than 4,000 ATMs are currently operating in Croatia, and in a month their number will increase by at least one and a half thousand, primarily due to the tourist season.

 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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