Croatia said the transition to the Euro
The Prime Minister of Croatia Andrey Plenkovich said that his country intends to become a member of the Eurozone in the next seven to eight years.
About it reports Reuters.
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“We don’t want to specify the exact dates, but we want Croatia became a member of the Eurozone in the next two presidential terms,” said Plenkovich at the conference dedicated to the introduction of the Euro in Croatia.
The Croatian Central Bank already holds the currency of Croatia is the Kuna – in the narrow range of fluctuation approximately in the range from 7.3 and 7.7 to the Euro.
The Chairman of the Central Bank Boris Vujcic said Croatia is the most “bronirovanii” EU country from those who have not yet switched to this currency: “About 75% of deposits and 67% of local debt denominaban in euros. About 60% of the trade exchange of Croatia related to the EU, and 70% of tourism revenues come from the Eurozone countries”.
According to him, the most important advantages of Euro adoption will eliminate currency risk and lower interest rates. Vujicic said that any fears among the population that the prices will grow in case of adoption of the Euro, can be solved by the obligation to show the prices in Kuna and Euro for the six months prior to the date of approval of entry into the Eurozone.
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Recall that Croatia joined the EU in 2013. Then, the country has committed itself to adopt the Euro, but without a precise timetable. The center-right government came to power a year ago.
- the Eurozone
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