Start of currency exchange: - 26.07.1941: Start of issuance of Croatian banknotes (German and Italian paper money were admitted as legal tender) - 31.12.1941: Demonetization of the Yugoslav, German and Italian paper money - 25.09.1942: Start of issuance of Croatian coins - 31.12.1942: Demonetization of the Yugoslav coins.
Sept. 1943
Croatia retook portions of Dalmatia previously annexed by Italy. The currency exchange occured at a rate of 1 Croatian Kuna (1941) = 2 Italian Lire (no details).
Valuation Regimes
1941-1945
Fixed rate against German Reichsmark. The official rate became inoperative in September 1942 and was replaced by a highly inflationary effective rate.
Rate Arrangements
07.07.1941
Fixed
German Reichsmark at 1 : 20 (Official rate)
-12.0%
??.09.1942
Fixed
German Reichsmark at 1 : 40 (Effective rate)
-50.0%
??.03.1943
Fixed
German Reichsmark at 1 : 60 (Effective rate)
-33.3%
??.09.1944
Fixed
German Reichsmark at 1 : 120 (Effective rate)
-50.0%
Time Period: 1945-1991
Timeline
??.06.1945
Yugoslavian ordinance on the demonetization of the Croatian currency; effective immediately: - 30.06.1945: Start of redemption of the Croatian currency - Per person cash up to 3'500 Yugoslav Dinars (1945) was exchanged at a rate of 7 Croatian Kuna (1941) = 1'000 Yugoslav Dinars (1945) - In Srijem (annexed to Serbia), per person cash up to 5'000 Yugoslav Dinars (1945) was exchanged at a rate of 25 Croatian Kuna (1941) = 1'000 Yugoslav Dinars (1945) - 09.07.1945: End of exchange period and demonetization of the Croatian currency.
Time Period: 1991-1994
Currency: Croatian Dinar
Transition
1 : 1 Yugoslav Dinar (1990)
Sub-units
(none)
ISO4217
HRD
Timeline
08.10.1991
Provisional Central Bank Act; effective immediately (formally enacted on 04.11.1992)
19.12.1991
Government resolution on the introduction of an intermediate currency to withdraw from the Yugoslav economic area; effective immediately
23.12.1991
Start of currency exchange: - 23.12.1991: Start of issuance of Croatian banknotes - 31.12.1991: End of exchange period and demonetization of the Yugoslav currency.
Valuation Regimes
1991-1992
Fixed rate against German Mark
1992-1994
Variable rate, hyper-inflationary
Rate Arrangements
23.12.1991
Fixed
German Mark at 1 : 13
±0.0%
15.01.1992
Fixed
German Mark at 1 : 55
-76.4%
06.03.1992
Fixed
German Mark at 1 : 67
-17.9%
18.04.1992
Variable
initially: German Mark at 1 : 94
-28.7%
Time Period: 1994-2022
Currency: 2nd Croatian Kuna
Transition
1 : 1'000
Sub-units
Kuna / 100 Lipa
ISO4217
HRK
Timeline
23.07.1993
Currency Act; effective 30.05.1994
30.05.1994
Start of currency exchange: - 30.05.1994: Start of issuance of the new banknotes and coins - 31.12.1994: Demonetization of the former currency.
Valuation Regimes
1994-2022
Variable rate
Rate Arrangements
30.05.1994
Variable
initially: US Dollar at 1 : 6.121
±0.0%
Time Period: 2023-
Timeline
12.07.2022
Decision of the European Council [No. 2022/1211] on the adherence of Croatia to the European Monetary Union; effective 01.01.2023
12.07.2022
Ordinance of the European Council [No. 2022/1208] on the irrevocable conversion rate; effective 01.01.2023
01.01.2023
Start of currency exchange: - 01.01.2023: Start of issuance of banknotes and coins denominated in Euro - 14.01.2023: Demonetization of the banknotes and coins in Croatian Kuna.