Croatia given final approval to join euro

(BRUSSELS) - The EU Council adopted the last three legal acts to enable Croatia to become a member of the euro area Tuesday, paving the way for Croatia to introduce the EU's common currency on 1 January 2023.

Czech Minister of Finance Zbynek Stanjura, for the EU presidency, congratulated Croatia on becoming the 20th country to join the euro area. "Adopting the euro is not a race, but a responsible political decision," he said: "Croatia has successfully completed all the required economic criteria and they will pay in euros as of 1 January 2023."

One of the three legal acts sets the conversion rate between the euro and the Croatian kuna at 7.53450 kuna per 1 euro. This corresponds to the current central rate of the kuna in the exchange rate mechanism (ERM II).

Council decision on the adoption by Croatia of the euro on 1 January 2023

Council regulation as regards the introduction of the euro in Croatia

Council regulation as regards the conversion rate to the euro for Croatia

Euro area member states recommend that Croatia become the 20th member of the euro area (press release, 16 June 2022)

Joining the euro area (background information)