AA / Istanbul
The Council of the European Union on Tuesday approved Croatia’s membership in the single European currency (the euro) from January 1, 2023.
The former Yugoslavia thus became the 20th member of the eurozone.
In a press release, the Council of the European Union noted that Croatia has adopted the last three legal acts allowing it to join the eurozone.
“The Croatian national currency, the kuna, will be exchanged at the rate of 7.5345 kuna into one euro,” the EU Council said, adding that this is one of the measures agreed with Zagreb.
On this occasion, Czech Finance Minister Zbenik Stangora, whose country holds the council’s rotating presidency, congratulated his Croatian counterpart Zdravko Maric, declaring that “the adoption of the euro is not a race, but a responsible political decision.
“Croatia has successfully met all the required economic parameters and will pay in euros as of January 1, 2023,” Stangora stressed during the signing ceremony in front of the press in Brussels.
The Eurozone consists of 19 countries that share a single currency: Germany, Austria, Belgium, Cyprus, Spain, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, and the Netherlands. Portugal, Slovakia and Slovenia.
* Translated from Arabic by Majdi Ismail
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