Croatian lawmakers have approved a law that paves the way for the introduction of the euro next year
ZAGREB, Croatia — Croatian lawmakers on Friday approved a law that paves the way for the introduction of the euro next year.
Croatia is due to replace the Croatian kuna with the euro on January 1, 2023. Lawmakers voted 117 to 13 in favor of legislation to introduce the euro. One MP abstained in the 151-member parliament.
Croatia, which joined the European Union in 2013, remains one of the bloc’s weakest economies after the 1992-95 war.
Right-wing parties in the Croatian parliament opposed the introduction of the euro, saying it would increase poverty and put pressure on citizens.
The two currencies should be used in parallel in the months following the official start of the application of the euro.
Croatia’s economy depends on income from tourism during the summer months. The country attracts hundreds of thousands of European and international tourists every season.