The Euro: What to Expect on Croatian ATMs on 31 December and 1 January
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Loading... - Sara Juric
- 04 Nov 2022
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As HRT reports, from the first of December, Croatian citizens will be able to buy initial packages of euro coins, and in the middle of next month, the adaptation of ATMs for the payment of banknotes will begin. "For now, everything is going according to plan. Banknotes are arriving continuously, we are minting our Croatian coins. There is a lot of work, but we will be ready on January 1", said CNB Governor Boris VujÄić, in a guest appearance on HTV's central Dnevnik.
When asked what will happen from the night of December 31 to January 1, he said that there is a combination of computerised/automated and purely physical cash distribution.
"ATMs must be ready to dispense cash in euros, although we will have a co-circulation of two weeks between kuna and euro. A large number of ATMs will deliver euros on January 1st, and some will be able to deliver kuna until December 31st. We will coordinate this so that it is easy for people to get cash", he said, pointing out that it would be easiest to deposit cash in banks where it will be automatically converted on January 1.
He also commented on the inflation
"The inflation is caused by completely different things, not the introduction of the euro. It will increase somewhat after the introduction of the euro, but very little compared to this rate of inflation that we have, which is primarily caused by disruptions in the energy market, and partly also in the food market. The euro itself, when we introduce it, will contribute very little to the inflation rate", VujÄić pointed out. Read More...
