As of January 1, 2023, the euro is the official currency and legal tender in the Republic of Croatia. On that day, the Republic of Croatia becomes the twentieth member state of the euro area, and the euro becomes the official monetary unit and legal tender in the Republic of Croatia.
During all activities related to the introduction of the euro, the key principle is consumer protection. The main consumer protection mechanisms in the process of introducing the euro are:
The purpose of these Guidelines is to provide information to business entities on the activities and adjustments that await them in the process of replacing the Croatian kuna with the euro. The goal of timely preparation is the smooth and fast exchange of official currencies, with minimal impact on business and maximum efficiency.
A little less than a year separates us from the arrival of the new currency on the Croatian market. The current situation of knowledge and awareness of state institutions, as well as physical and business users, is really low. During each change of principles and laws, the legislator takes everything in its regulatory framework to adapt the situation in the country to the accompanying changes.
From 2023, a major adjustment in the financial sector is imminent, marking the arrival of the euro on the Croatian market. In August, the euro law will regulate the obligation to show prices twice, what is one of the ways to alleviate inflationary pressures. The final decision of the Council of the European Union on Croatia's accession to the euro zone is expected in June and Croatia should replace the kuna with the euro at the beginning of next year, but this summer, prices in shops and restaurants and online stores should be highlighted and written in euros. 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 is expected in the middle of this year.