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just because a country is part of the European Union does not mean they use the euro currently there are eight EU member states that still use their local currency even though most of them are obligated to adopt the Euro as soon as possible for Croatia this is all about to change as they are set to join the Eurozone on the 1st of January in 2023 check out these cool new Croatian coin designs that will enter into circulation at the start of next year Croatia will become the 20th member of the Eurozone which is a group of countries that dont only use the same currency but also share the same monetary policy they do this through the Euro system which is made up of one European Central Bank in Frankfurt and 20 National central banks in each of the Eurozone member states together their primary objective is price stability by keeping inflation at around 2 percent but as weve all noticed this is not going to plan this year and that is why the ECB has raised interest rates to two percent in
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