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Why did Croatia join the euro and which 7 EU countries still use their own currency?

2022-07-14 19:41:26Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Why did Croatia join the euro and which 7 EU countries still use their own
Croatia joins the euro

The European Union has given Croatia the green light to start using the euro from next year. The country will join 19 other EU member states that use the currency.

It will adopt the currency from January 1, 2023, making Croatia the last country to join the eurozone since Lithuania in 2015. From next year, that means only seven EU countries still use their own currency .

Why is Croatia adopting the euro?

Croatia will continue to use its own currency, the kuna, until January next year. Currently, one Croatian kuna is worth around €0.13.

To adopt the euro, a country must meet a number of economic conditions, including a stable exchange rate and low inflation.

By adopting the euro, Croatia hopes to gain more financial security and improve the living standards of its citizens.

Croatia will also benefit economically from closer financial ties with other members of the common currency area and the European Central Bank.

For visitors to Croatia from the eurozone, this also means no need to exchange money.

Which European countries still use their own currency?

While Croatia becomes the 20th EU country to adopt the euro, there are still a number of members that have not yet taken this step.

In total, seven EU countries do not use the euro: Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania and Sweden.

In these countries, visitors from the eurozone must still exchange money before traveling.


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