Croatia officially joined the euro area and Schengen area

2023-01-03

European Commission President Von Delain visited Croatia on the first day to celebrate Croatia's simultaneous accession to the euro area and the Schengen area on the same day, becoming the 20th member of the euro area and the 27th member of the Schengen area. At noon of the same day, Von Delain, Croatian Prime Minister Prenkovic and Slovenian President Musar had a brief exchange at the border checkpoint of Breghana at the border between Croatia and Slovenia, which enabled the two countries to pass freely. In addition, Croatian Interior Minister Borzhnovic and Foreign Minister Radman held ceremonies at the border checkpoint of Breghana and Gorichan on the border between Croatia and Hungary, respectively. As a result, all border inspections between Croatia, Slovenia and Hungary were cancelled. Pulenkovic said that Croatia has achieved its strategic objectives, and Croatia's accession will help strengthen the euro area and the Schengen area. Just after 0:00 on the same day, Croatian Finance Minister Primoraz and Central Bank Governor Vujcic withdrew 50 euros from an ATM in Zagreb, marking Croatia's official accession to the euro zone. In order to realize the smooth transition from the Croatian currency to the euro, the Croatian government stipulates that the currency in the resident account will be automatically converted into euros, and the exchange rate of the euro to the currency is 1:7.5345. From the 1st to the 14th, Kuna and Euro can be used at the same time, but if Kuna is used for cash payment, Euro will be used for change. From 0:00 on the 15th, only euro will be allowed. However, in 2023, residents can go to banks and post offices to exchange Kuna cash into euros for free. On July 12, 2022, the European Council officially approved Croatia's accession to the euro area on January 1, 2023; On December 8, 2022, it was unanimously agreed that Croatia would become a member of the Schengen District on January 1, 2023. (Liu Xinshe)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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