On 1 January 2023 Croatia will adopt the euro as its currency and will fully join the Schengen area.
According to a press release by the European Commission, this marks an important milestone in the history of Croatia, of the euro and Schengen areas and of the EU as a whole. It follows a period of intensive preparation and substantial efforts by Croatia to meet all the necessary requirements.
With Croatia, 20 EU Member States and 347 million EU citizens will share the EU’s common currency. As for Schengen, this is the eighth enlargement and the first after 11 years.
Source: Cyprus News Agency