Croatia will join the euro area next year, and will become the 20th member states of the euro zone

[Global Times Special Reporter Aoki in Germany] The EU Council approved Croatia from January 1 next year to the euro, thereby completing all the legal approval procedures at the EU level. Croatia will become the 20th member of the euro zone.

Picture source Visual China

According to the Deutsche News Agency on the 13th, Croatian Finance Minister Marica, the European Central Bank President Lagarde, and the EU Economic Commission member Zhentrini signed an agreement in Brussels, Belgium on the 12th. Croatia will use the euro on January 1, 2023 to euro At that time, the exchange rate of the euro to Croatian will be 1 to 7.5345. After the signing of the agreement, the Vice Chairman of the European Commission East Broschis said that the addition of Croatia proves that the euro is still a "attractive, elastic and successful global currency, a symbol of strength and unity." The Croatian central bank governor Wayigch said that joining the euro zone will make Croatia "more secure" and "improve the living standards of their own citizens."

"Little celebration, big concerns", a German TV said on the 13th that the Croatian economy depends to a large extent on the tourism industry. After the euro on January 1 next year, it will bring more convenience to international tourists. Obtain more stable exchange rates and higher credit rating. However, many Croatian people are worried that changing the euro may cause price to rise.

The British "Financial Times" said on the 13th that although Sagleb has actively joined the euro area, the foreign exchange market wants to withdraw. According to data from the European foreign exchange trading market, the exchange rate of the euro against the US dollar on the 12th once fell to 1: 1, which is the first time that the euro has been cheap with the US dollar since December 2002. On the 13th, the euro against the US dollar fell below the parity. Citi Group's currency analyst Labari predicts that the euro may continue to fall in the future.

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