Croatia Becomes 20th Country to Adopt Euro as Currency
The European Union (EU) formally approved Croatia's entry into the euro zone, paving the way for the Balkan nation to adopt the euro as its currency from 1 January, 2023. With this, Croatia has become the 20th country to adopt the Euro as a currency. Croatia will switch from the kuna to the euro in 2023, less than a decade after the former Yugoslav republic joined the European Union.
One of the legal acts adopted is to set the conversion rate between Euro and Croatian kuna at 7.53450
kuna per €1. Lithuania was the last EU member to adopt the euro in 2015, and Bulgaria is next in line to
join the euro zone. The Balkan country has expressed its desire to adopt it by January 1, 2024.
Euro Zone
After Croatia, the euro zone consists of 20 members of the European Union (EU), which uses the euro as their official currency. The 7 members of the European
Union (Bulgaria, Czech Republic, Denmark, Hungary, Poland, Romania and Sweden) do not use the euro as currency.