Croatia will join the euro area on January 1, 2023

Xinhua News Agency, Frankfurt, July 12 (Reporter He Lili) The Central Bank of China issued an announcement on the 12th that the EU Council formally approved Croaton's additional to the euro area on January 1, 2023.

The European Central Bank stated that the exchange rate of the euro to Croatian Kineon will be 1 to 7.53450.The European Central Bank and the Central Bank of Croatian agreed to monitor the trend of the euro exchange rate on the euro exchange rate by monitoring the foreign exchange market before January 1, 2023.

The close cooperation framework between the European Central Bank and the Croatian Bank came into effect on October 1, 2020, and the European Central Bank has since directly supervised Croatian banking institutions.

On January 1, 1999, the euro was officially launched in 11 EU member states, marking the birth of the euro.Since then, the euro zone has expanded many times, and there are currently 19 member states.

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