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Croatia enters eurozone, Schengen area

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Croatia enters eurozone, Schengen area

(Xinhua) 10:18, January 01, 2023

A vehicle runs past a poster writing “Welcome to the Euro, Croatia!” in Brussels, Belgium, July 12, 2022. (Xinhua/Zheng Huansong)

To help people adjust to the use of the euro, as of Jan. 1, the dual circulation of Croatia’s currency kuna and euro will last two weeks.

ZAGREB, Jan. 1 (Xinhua) — Croatia entered the eurozone and the European Union’s (EU) border-free Schengen area on New Year’s Day.

This was the first time a European country joined both the eurozone and the Schengen area on the same day, an important milestone for Croatia, an EU member since 2013.

Croatian Deputy Prime Minister and Minister of Finance Zdravko Maric speaks at a signing ceremony on adoption of the euro by Croatia in Brussels, Belgium, July 12, 2022. (Xinhua/Zheng Huansong)

On Jan. 1, Croatia became the 20th member of the eurozone and the euro becomes its official currency. On the same date, it also became the 27th member of the Schengen area, which was created in 1985 to allow free movement for all 420 million nationals of the signatory countries.

To help people adjust to the use of the euro, as of Jan. 1, the dual circulation of Croatia’s currency kuna and euro will last two weeks. After 12:00 midnight on Jan. 14, only euros will be used. However, banks and post offices will continue to convert kuna into euro throughout 2023.

(Web editor: Cai Hairuo, Hongyu)
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