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Currently, not all EU member states use the euro, with eight still using their local currencies. Croatia is set to join the Eurozone on January 1, 2023. New Croatian coin designs will enter circulation next year. The Eurozone consists of countries sharing the euro currency and monetary policy through the Euro system. The primary objective is price stability, aiming to keep inflation around 2 percent. The European Central Bank has raised interest rates to 2 percent due to challenges in achieving this goal.
