A signing ceremony was held for Croatia to switch to the euro currency as of January 1, 2023.
Christine Lagarde, President of the European Central Bank, Valdis Dombrovskis, Senior Vice-President of the European Commission, Paolo Gentiloni, Commissioner for Economic Affairs, Zbynek Stanjura, Minister of Finance of the Czech Republic and Zdravko Maric, Minister of Finance of Croatia attended the ceremony held at the Council of the European Union (EU) building.
Thus, Croatia became the 20th member of the 27-member Union to be admitted to the Eurozone.
The EU Commission announced on June 1 that Croatia, which has been an EU member since 2013, was ready to switch to the euro at the beginning of next year.
Paschal Donohoe, President of the Eurogroup and Irish Finance Minister, also announced on June 16 that Croatia had fulfilled the necessary criteria and that the country could switch to the euro currency as of January 1, 2023.