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HomeLatest NewsPolish MP Bosak announced Croatia's loss of sovereignty due to the transition...

Polish MP Bosak announced Croatia’s loss of sovereignty due to the transition to the euro KXan 36 Daily News

Date: February 3, 2023 Time: 07:40:49

According to Bosak, quoted by RIA Novosti, after this step, the Croatian authorities lost the opportunity to pursue an independent monetary policy and influence their financial market. They handed over the country “under the authority of the central bank of Frankfurt am Main.”

In Poland itself, heated discussions have been going on for several years about the need to switch from the zloty to the euro, but no solution has been found in this regard.

Croatia is strongly tied to the single European currency economy. More than half of domestic savings and loans are in euros, and more than two-thirds of economic exchange and a similar number of tourists come from the eurozone. Until January 14, 2023, Croatian citizens will still be able to pay in kunas and refunds will be made in euros (and only in exceptional cases in kunas). A fixed conversion rate of 7.53450 kunas per 1 euro has been determined, according to which all savings in the accounts of citizens and commercial entities will be automatically converted into euros at all banks at a fixed exchange rate.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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