Croatia and EU Discuss Production of New Croatian Euro Coins

Lauren Simmonds

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As Poslovni Dnevnik writes, a memorandum of understanding was recently signed by the Executive Vice President of the European Commission Valdis Dombrovskis, the Commissioner for Economy Paolo Gentiloni, the President of the Eurogroup Paschal Donohoe and the Governor of the Croatian National Bank Boris Vujcic.

A memorandum of understanding between Croatia, eurozone members and the European Commission on the start of production of new Croatian euro coins and preparatory activities before the start of production was signed on Friday, after a meeting of Eurogroup leaders in Brdo near Kranj, the Croatian National Bank and the European Commission both reported.

The agreement regulates issues related to the preparatory activities for the introduction of the euro in the Republic of Croatia, which includes the production of a certain amount of test euro coins. The topic of Croatia’s entry into the Eurozone has been overshadowed over the last eighteen or so months by much more pressing matters, including the state of the economy as a result of the ongoing global coronavirus pandemic, but plans are still very much being made.

The CNB statement states that on the basis of this memorandum, Croatia can start with its Eurozone preparatory activities, meaning it can now start drafting a detailed scenario for the changeover to the euro in the country, the proper preparation for the distribution of brand new Croatian euro coins, the withdrawal of the kuna as the national currency and the visual selection of the Croatian national side on new euro coins.

It can also start with the implementation of technical preparations for the common side of the new euro coins, the preparation of a production plant for the production of euro coins, the procurement of plates for minting euro coins as well as the procurement and production of tools for minting those same coins. Finally, the country is free to start making test copies of Croatian euro coins.

For more, make sure to check out our dedicated politics section.


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