Croatian Kuna

The Croatian Kuna is the official currency of Croatia. It is subdivided into 100 Lipa. The Kuna is issued by the Croatian National Bank and was introduced on May 30, 1994. The word "kuna" means "marten" in Croatian. Croatia joined the European Union on July 1, 2013, but has not yet adopted the Euro as its official currency. However, the Croatian Kuna is pegged to the Euro at a rate of 1.95583 HRK = 1 EUR. The Croatian Kuna is one of the youngest currencies in Europe. It was introduced in 1994, replacing the Croatian Dinar. The Kuna was pegged to the German Mark from its inception, and then to the Euro when the Mark was replaced by the Euro in 2002. The Croatian Kuna is a stable currency, and has been relatively unaffected by the global financial crisis. In fact, the Kuna has actually strengthened against the Euro in recent years. The Croatian Kuna is a popular currency for tourists visiting Croatia. Many businesses in Croatia accept Euros, but prices are usually quoted in Kunas. ATM machines dispense Kunas, and Euros can be exchanged for Kunas at banks and currency exchange offices. The Kuna is a strong currency, and is expected to continue to appreciate against the Euro in the coming years. This makes Croatia an attractive destination for tourists looking to get more bang for their Euro.