The Bank of Spain will exchange kunas until February when Croatia enters the euro area

By: News Team

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The Bank of Spain will exchange kunas until February when Croatia enters the euro area

The Bank of Spain has announced that it will exchange Croatian kuna banknotes (HRK) for euros until February 28, at its headquarters in Madrid and Barcelona, an “exceptional measure” that it has adopted on the occasion of Croatia’s entry into the single currency area this Sunday, January 1.

“Welcome to the Eurosystem, Croatia!”, has celebrated in a well-known social network the organization, which will carry out the exchanges based on the irrevocable official exchange rate of 7.53450 kuna per euro, with a maximum amount of 8,000 HRK per person per day, free of expenses and commissions.

This operation can only be carried out at the windows of the Banco de España headquarters open to the public in Madrid, at Calle Alcalá, 48, and in Barcelona, at Plaza Cataluña, 17.

To access the facilities, the interested party must request an appointment, either by telephone or electronically.

In any case, the agency recalls that the exchange of kunas for euros is carried out “on an exceptional and transitory basis”, since the Bank of Spain is not a commercial banking entity, so it does not offer banking services for the sale of foreign currency.

Croatia has entered this Sunday in the Schengen area of free movement and in the eurozone, a decade after joining the European Union.

The first banknotes of the European currency that have begun to circulate in the Balkan country have been withdrawn from an ATM by the Minister of Finance, Marko Primorac, and the governor of the National Bank, Boris Vujcic, in a symbolic act in the center of Zagreb.

Precisely, through the same social network, the Croatian National Bank has thanked the message of the Bank of Spain, and has been “proud” to have become the twentieth member of the euro zone.

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