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Croatia on track to adopt euro in 2023: EU official
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IANS | 14 Sep, 2021
Croatia was on track to adopt the euro by 2023, as long as it meets the
criteria set out by the European Commission, EU's economy Commissioner
Valdis Dombrovskis has said.
"Euro will be a great asset for
Croatia as it is now for Europe, but nobody should use euro adoption to
hike prices. This should be monitored and managed closely," he said on
Twitter on Monday.
Dombrovskis made the comment shortly after
addressing a conference in Zagreb on Croatia's path to the euro, the
single European currency, Xinhua news agency reported.
In his
speech, he warned that the country had to be wary of the effects of the
pandemic on the economy, especially its low vaccination roll-out that
may trigger further restrictive measures, although Croatia's economic
recovery was doing well.
He said Croatia would be able to introduce the euro only after meeting all convergence requirements.
If
these were met in 2022, the Council of the EU will decide whether to
allow the euro to be introduced in Croatia on January 1, 2023, he said.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹95.3
|
₹93.6 |
UK Pound
|
₹127.7
|
₹123.7 |
Euro
|
₹110.65
|
₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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