Croatia all geared up for borderless travel, new currency
Times of IndiaTIMESOFINDIA.COM/TRAVEL NEWS, CROATIA/ Created : Dec 24, 2022, 09:00 IST
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Synopsis
As per the latest reports, Croatia is adopting the EU’s common currency, the euro, and joining the Schengen Area, Europe’s visa-free travel area, from January 1.
As per the latest reports, Croatia is adopting the EU’s common currency, the euro, and joining the Schengen Area, Europe’s visa-free travel area, from January 1. Read less
As per the latest reports, Croatia is adopting the EU’s common currency, the euro, and joining the Schengen Area, Europe’s visa-free travel area, from January 1.
As per the officials of the small nation of 4 million people, they are of the view that this recent development will be remembered as one of the country’s biggest achievements since it gained independence 31 years ago during the breakup of Yugoslavia.
With the recent development, the nation will likely get economic benefits stemming from deeper financial ties with the currency’s 19 other users and with the European Central Bank.
This also means that the 340 million people, who live in the current euro zone, will not require to exchange their euros for Croatian kuna and will be able to enter the country known for its spectacular Adriatic coastline without stopping at border controls.
Referring to this, Croatian Prime Minister Andrej Plenkovic added, “After 10 years of membership (in the EU), we intentionally and deservedly reached the stage where we would become the only country in history to join the Schengen and eurozones on the same day.”
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