Croatia passes law to introduce euro in 2023

Photo credit © Reuters

SARAJEVO (Reuters) – Croatia, which aims to become the 20th member of the euro zone in 2023, passed a law on Friday for the introduction of the single currency next January 1, the official Hina news agency reported.

The law to replace the Croatian kuna was passed by 117 votes, 13 against and one abstention in parliament, which has 151 members.

Under this new law, prices will be displayed in both currencies from September until the following year.

The main challenge for the Croatian government and the central bank is to control inflation and budgetary expenditure in order to meet the macroeconomic criteria of the euro zone.

(Report by Daria Sito-Sucic; French version Elena Vardon)

click here for restrictions
©2022 Reuters

Source link -87