Croatia switches from kuna to euro and enters Europe's passport-free zone — two major milestones for the Balkan country after joining EU nearly a decade ago
"We will cry for our kuna, prices will soar," says Drazen Golemac, a 63-year-old pensioner from Zagreb.
The Balkan nation bid farewell on Sunday to its kuna currency and became the 20th member of the eurozone. Experts say the adoption of the euro will help shield Croatia's economy at a time when inflation is soaring worldwide after Russia's invasion of Ukraine sent food and fuel prices through the roof.While they welcome the end of border controls, some worry about the euro switch, with right-wing opposition groups saying it only benefits large countries such as Germany and France.
Many Croatians fear that the introduction of the euro will lead to a hike in prices — in particular that businesses will round up price points when they convert.
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