September 5 (SeeNews) - All traders and services providers in Croatia must set prices for consumers in both in the local kuna currency and in euro as of Monday, September 5, in preparation for the euro adoption as of January 1 next year, the central bank said.
All prices should be displayed in both currencies until December 31, 2023, the central bank said in a statement.
Many retailers have started voluntarily displaying the prices in both currencies in earlier this summer after the Council of the EU adopted on July 12 the final legal acts that are required to enable Croatia to introduce the euro from the start of 2023.
One of the them sets the exchange rate at 7.53450 kuna per 1 euro which corresponds to the current central rate of the kuna in the exchange rate mechanism (ERM II).
The Adriatic country of 3.85 million people will be the 20th member of the eurozone.