Croatian Kuna (HRK)

Basic Concepts of the Croatian Kuna

The Croatian Kuna is the official currency of the Republic of Croatia, with the international standardized code HRK and the currency symbol "kn". The currency is issued and managed by the Croatian National Bank, using the decimal system, with 1 Kuna equaling 100 Lipa.

Areas of use of the Croatian Kuna

The Croatian Kuna is the legal tender of the Republic of Croatia and is used throughout the country. It is worth noting that as Croatia officially joins the Eurozone in 2023, the Kuna will gradually be replaced by the Euro and is currently in a transitional exchange period.

Currency Units and Denominations in Circulation

Kuna banknotes come in denominations of 5, 10, 20, 50, 100, 200, 500 and 1,000 kuna, while coins come in Lipa units (1, 2, 5, 10, 20, 50 Lipa) and Kuna units (1, 2, 5 Kuna). All banknotes bear portraits of famous Croatian historical figures and national symbols.

Historical origins of the Croatian kuna

The kuna began circulating in 1994 in place of the Croatian dinar, taking its name from the historical Croatian trade currency "sable" (kuna means sable in Croatian). Throughout the economic transition after the breakup of Yugoslavia, the currency has maintained long-term stability through strict monetary policy, and has become one of the most stable currencies in Southeastern Europe.

Exchange Rate Mechanism and Conversion Information

The Croatian Kuna has a managed floating exchange rate regime. During the euro transition period, the kuna maintains a fixed exchange rate with the euro (1 euro ≈ 7.5345 kuna). Visitors can exchange currency at banks, authorized exchange points and some hotels, and it is recommended to keep proof of exchange in case you need to change back upon departure.