After a 27 year long use of Croatian kuna (HRK) as the official currency, Croatia is set to make a currency switch which means, starting from 1 January 2023, euro becomes the new currency in use. Having met all of the monetary and fiscal criteria, on 6 July the EU Council has adopted the final legal acts regarding the currency switch and allowing the Croatia to introduce EU’s common currency and enter into the euro area (eurozone) amongst the other 19 EU member countries. The fixed exchange rate for EUR/HRK was confirmed at 7.53450 HRK for 1 EUR.
Dual price showing
Dual price showing assumes the presentation of prices using both HRK and EUR in relations with customers (e.g., in retail, on price lists, offers and invoices and other documents).
The dual price showing obligation only applies in relations with end customers (B2C sales/transactions) and does not apply in relations between business entities. Thus, invoices between business entities, price lists and similar documents used in transactions in which only business entities participate can remain denominated in HRK until the currency switch, which means until euro becomes the official currency.
Mandatory dual price showing will start from 5 September 2022 and will apply until 31 December 2023.
Source WTS
