Croatian Kuna (HRK) Profile
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Croatian kuna users
Croatian kuna is the currency of Croatia which is a former Yugoslavia (officially named Socialist Federal Republic of Yugoslavia state (SFRY). Yugoslavia was historically existed from 1943 to 1992 and now it made up with six recognized states of Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, and Slovenia and one limited-recognized state, Kosovo. Three of them, Slovenia, Montenegro and Kosovo use the euro as their currencies but only Slovenia officially adopted the euro strictly following ERM (The European Exchange Rate Mechanism) rules.
Croatia is expected to become a member state of the European Union (EU) on July 1st, 2013.
|States||Currency name||Code||1 USD=||1 EUR=||1 GBP=||Notes|
|Bosnia and Herzegovina||Bosnia and Herzegovina convertible mark||BAM||1.43307||1.95583||2.25006|
|Montenegro||Euro||EUR||0.73270||1.00000||1.15023||see note <1>|
|Kosovo||Euro||EUR||0.73270||1.00000||1.15023||see note <2>|
<1>. Both Montenegro and Kosovo are not the European Union (EU) members and they are unofficial users of euro.
<2>. Kosovo self-declaired independence from Serbia in 2008 and has obtained limited recognitions internationally.
Croatian kuna history
The word “kuna” means “marten” in Croatian and highly valued marten skins were used to be the value units during Roman times.
Croatian kuna (HRK) was introduced on May 30th, 1994 replacing the transitional currency of Croatian dinar (HRD) at a rate of 1 HRK= 1000 HRD. Croatian dinar was introduced since after Croatia’s declaration of independence and replaced the 1990 version of Yugoslav dinar at par.
Croatian kuna coins and banknotes
Croatian kuna is subdivided into 100 lipa. Coins and banknotes now in circulation were introduced in 1994. Frequently used coins are in denomination of 5,10,20,50 lips and 1, 2, 5kn, and banknotes are in denomination of 10, 20, 50, 100 and 200kn. The small denominations such as 1, 2 lipa, 25 kn coins and 5 kn banknotes and big denominations of 500,1000kn banknotes are rarely used.