Members of the European Parliament voted in favor of Croatia’s application to join the Eurozone, and this decision should be fully implemented as early as next year.
According to a press release issued by the European Parliament, the vote on Croatia’s entry into the Eurozone recorded the following results: 539 votes in favor, 45 against, and 48 abstentions. Thus, Croatia, according to experts, has the right to switch to the euro, starting from January 1, 2023.
Croatia will become the 20th member of the Eurozone – an association of countries that have adopted the single European currency euro as the only legal tender on its territory.
Currently, the Croatian currency is the kuna, which is equal to 0.13 euros and is one of the weakest on the continent.
In the EU, some countries have not adopted the euro as their currency, but use national ones:
- Bulgaria (1 euro is equal to 1.96 Bulgarian leva)
- Czech Republic (1 euro is equal to 24.75 CZK)
- Denmark (1 euro is equal to 7.44 Danish kroner)
- Hungary (1 Euro equals 409.16 HUF)
- Poland (1 euro is equal to 4.76 Polish zlotys)
- Romania (1 euro is equal to 4.94 Romanian lei)
- Sweden (1 euro equals 10.80 SEK)
The opinion of the European Parliament will be further discussed with other member states of the Eurozone, which are responsible for making the final decision on Croatia’s accession to the union.