“ A letter of intent of joining the ERM II mechanism was sent
on 5 July 2019 to the ECB, signed by Minister of Finance Zdravko Marić, and the
governor of the Croatian National Bank Boris Vujčić. Croatia dedicated to becoming a member of the
Banking union of the European Union as a part of its efforts to affix ERM II.
Jean-Claude Juncker, President of the European Commission, said in June 2019 that "Croatia is ready to join the ERM-2".
On 24 June 2022, the European Council supported the Fee's proposal for Croatia to undertake the euro.
On 13 May 2022, the Croatian Parliament voted in favour of the proposal to introduce the euro
as legal tender. On 12 July 2022, the Council of EU adopted the ultimate three
legal acts that were required for Croatia to undertake the euro as legal tender.
On 10 December 2021, Finance Minister Marić introduced that the invoice on introducing
the euro currency in Croatia was being drafted and could be outlined in mid-January, with its ultimate adoption anticipated in April 2022.
He additional stated, "As of 1 January 2023, we will change over to the euro in a single day and then have another two weeks for both currencies in circulation and residents will have the ability to proceed to pay in kuna however after that funds will probably be in euro. The twin prices will remain for at least one year". ”