Bank Exchange Rates for Croatian Kuna
Bank Exchange Rates for Croatia - HRK - Croatian Kuna -kn. The foreign exchange rates for Croatia also known as the ISO code HRK or the Croatian Kuna currency and as a symbol kn.
Frequently used banknotes are available in denominations of 10, 20, 50, 100 and 200 Kuna, whilst 500 and 1,000 kuna notes are used infrequently.
Bank Exchange Rates for Croatia
1 and 2 lipa and 25 kuna coins are rarely used in Croatia, whilst denominations of 5, 10, 20 and 50 Lipa, and 1, 2 and 5 kuna coins are available and in circulation. Send Money Transfer to Croatia.
The Croatian Kuna is a currency used in Croatia that has been in circulation since 1994. The currency is subdivided into
units of 100 lipa and is issued by the National Bank of Croatia. Its coins are minted by the Monetary Institute of Croatia. Since it was introduced, the currency has undergone minimal changes that have also come with changes in value, so to
understand how this has been happening, have a look at its history.
History and etymology?
The history of currencies in Croatia can be traced back to the Roman times, where in the upper and lower provinces of Pannonia (Hungary and Slovania today) tax collection relied on marten skins. Between 1260 and 1380, the marten-adomed silver coins called banovac were issued by the Croatian Viceroys. However, by the 14th century, due to diminishing
autonomy, the currency suffered a gradual disappearance.
Currency Rate for Croatia
On to the modern currency, the Croatian Kuna, its first appearance into the country came on May 30, 1994, and this marked a transition from the Croatian dinar that was fully replaced on 31st December 1994. When the name kuna was chosen, a lot of controversy and uproar came up because this same name had been applied in the independent State of Croatia,
but experts dismissed the claims as a red herring.
As a sustainability measure, the Croatian National Bank settled for a decision that would peg the fluctuations of the kuna against the euro. The country became part of the European Union in 2013 and there are plans to embrace the European Monetary system. It is expected that the Kuna will be replaced with the euro.
Currency Rates for Croatian Kuna
Since 1994, the Croatian Kuna has had coins, and these were introduced in 1994. The coins come in different denominations ranging from 1 to 50 lipa. Due to the low value the 1 and 2 lipa coins hold, they are not used often and minting of the coins stopped in 2009. However, the Croatian National Bank confirmed that there are no plans to withdraw them, hence the reason they are still in the market.
GBP to HRK
Since 1994, the kuna has been the official currency of Croatia; it is subdivided into 100 Lipa, meaning “linden tree”, or “lime tree”. ‘Kuna’ means ‘marten’ and is named such due to the use of marten pelts as trading currency in medieval times. Bank Exchange Rates for Croatian Kuna. The foreign exchange rates for Croatia also known as the ISO code HRK. Send money transfer online with us with the cheapest options