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Numismatists Hunt Old Croatian Coins

2023/11/25
in Macroeconomics, Politics

Last year, the 25 kuna coins with the Pelješac bridge motif became a sensation in Croatia, with Croats spending hours in lines to buy their copies. However, only 742,000,000 of the three billion coins in circulation were returned by October 31st. Croatian citizens returned more kuna banknotes, resulting in 87% of the 500 million pieces of banknotes in circulation being returned.
On January 1, 2023, Croatia officially introduced the euro as the new currency, and citizens began exchanging their kuna for new euro coins and banknotes. The Croatian National Bank (CNB) announced that Croats have returned only 25% of kuna coins.
Until the end of this year, kuna banknotes and coins will be exchanged at banks, the Croatian Post, Fina, and the CNB. After December 31, 2025, kuna will only be able to be exchanged at the CNB.
There are nine denominations for 25 kuna coins, with the most important factor determining their value being the quantity in which they were issued. Odd years are more common than even years, and coins with Latin inscriptions are usually minted in smaller quantities than those with Croatian inscriptions.

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